Bloomberg Market Wrap 2/27: S&P 500 Resistance, J.C. Penney, Health Insurers

The video discusses the S&P 500's market dynamics, focusing on the 2800 level as a key point of contention between buyers and sellers. It then shifts to JCPenney's financial challenges and strategic changes under new CEO Jill Soltau. Finally, it examines the impact of a proposed health insurance bill on major US health insurers, highlighting market reactions and analyst perspectives.

What was the significance of the 2800 level in the S&P 500 index?

• It was a level where sellers consistently showed up.

• It was irrelevant to market trends.

• It was a new high for the index.

• It was a point where buyers consistently succeeded.

What strategic change did JCPenney's new CEO implement?

• Opening new stores

• Increasing furniture inventory in stores

• Expanding appliance sales

• Focusing on women's apparel

How did JCPenney's stock perform in the last year?

• It doubled in value

• It remained stable

• It decreased by 70%

• It increased by 70%

What was the proposed healthcare bill aiming to do?

• Increase insurance premiums

• Reduce Medicare coverage

• Replace most private health insurance with Medicare

• Expand private health insurance

What was the market's reaction to the proposed healthcare bill?

• Health insurers' stocks rose

• Health insurers' stocks fell

• Health insurers' stocks doubled

• No change in health insurers' stocks