Sector Update: Health Care Stocks Retreat in Afternoon Trading

MT Newswires Live

2024/10/24

Health care stocks fell Wednesday afternoon, with the NYSE Health Care Index shedding 0.7% and the Health Care Select Sector SPDR Fund (XLV) down 0.8%.

The iShares Biotechnology ETF (IBB) declined 1.4%.

In corporate news, Lumos Pharma (LUMO) shares jumped 7.2% after the company agreed to be acquired by a unit of Double Point Ventures.

Fortrea (FTRE) shares popped 2.5% after media reports said that activist investor Corvex Management acquired a stake in the contract research firm.

Boston Scientific (BSX) raised its 2024 guidance on Wednesday after logging stronger-than-expected growth in Q3 results. Its shares were falling 1.2%.

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Its shares were falling 1.2%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FTRE","symbol_name":"Fortrea Holdings Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477155211","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477155211","pubTimestamp":1729706181,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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