ASX Midday Sector Update: Healthcare, Energy Stocks Soar, Utilities Struggle

MT Newswires Live

Mar 19, 2025

Healthcare and energy stocks both advanced 0.39% at midday Wednesday. The US Federal Reserve is expected to keep interest rates steady in its monetary policy statement on Wednesday.

Imugene (ASX:IMU) obtained fast-track designation from the US Food and Drug Administration for azer-cel, a potential treatment for relapsed or refractory diffuse large B-cell lymphoma. Azer-cel is in phase 1b clinical trial.

On the flip side, the utilities sector struggled, falling 0.95%. The S&P 500, Dow Jones, and Nasdaq composite indices fell in overnight trading and Australian stocks followed them lower.

Contact Energy (ASX:CEN, NZE:CEN) said its consent application for the proposed Southland Wind Farm project in New Zealand was denied by the Expert Consenting Panel convened under the COVID-19 Recovery Act of 2020.

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The US Federal Reserve is expected to keep interest rates steady in its monetary policy statement on Wednesday.</p><p>Imugene (ASX:IMU) obtained fast-track designation from the US Food and Drug Administration for azer-cel, a potential treatment for relapsed or refractory diffuse large B-cell lymphoma. Azer-cel is in phase 1b clinical trial.</p><p>On the flip side, the utilities sector struggled, falling 0.95%. The S&amp;P 500, Dow Jones, and Nasdaq composite indices fell in overnight trading and Australian stocks followed them lower.</p><p>Contact Energy (ASX:CEN, NZE:CEN) said its consent application for the proposed Southland Wind Farm project in New Zealand was denied by the Expert Consenting Panel convened under the COVID-19 Recovery Act of 2020.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HCSG","symbol_name":"Healthcare Svcs Group Inc","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2520955399","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2520955399","pubTimestamp":1742351814,"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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