The U.S. stock market rally Wednesday is very much driven by huge gains in large healthcare insurers, as Joe Biden had an impressive showing on Super Tuesday. The S&P 500 rose as much as 1.76%, with all three major U.S, indexes up considerably as well. importantly, the rally still wasn’t completely risk on, as the 10-year treasury yield continued falling, remaining a touch below 1%, although still with a positive spread over the 3 month’s yield of 0.81%.