Sector Update: Health Care

Last Updated: Tuesday, December 7, 2021 3:47 PM | MT Newswires

Health care stocks were mostly higher this afternoon, with the NYSE Health Care Index rising 1.0% while the SPDR Health Care Select Sector ETF (XLV) was up 1.1%. The Nasdaq Biotechnology index was surging 3.7%. In company news, Pacific Biosciences of California (PACB) rose more than 12% after the long-read genetic sequencing company Tuesday announced plans to work with the UCLA Institute for Precision Health and David Geffen School of Medicine at UCLA to detect large or challenging variants that can be missed by short-read sequencing technologies and further identify rare or undiagnosed diseases in pediatric patients.

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