MT Newswires Live01:12
Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index dropping 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 1%.
The iShares Biotechnology ETF (IBB) decreased 0.6%.
In corporate news, Bristol-Myers Squibb (BMY) shares were down 2.2% after it said Friday that a patient with highly active relapsing multiple sclerosis in a phase 1 trial assessing zolacabtagene autoleucel died from septic pneumonia after receiving high-dose cyclophosphamide.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
