Encompass Health is trading at $140.36, up 4.13%, as healthcare shares rallied on expectations of possible delays to Medicaid-related cuts and support for ACA subsidies after Democrats won control of both chambers of Congress.
- No company-specific announcement explaining the move surfaced in available coverage; Reuters reported gains among hospital operators and health insurers.
- The broader market also rose as election uncertainty eased, supporting a risk-on backdrop.