Sector Update: Health Care

Last Updated: Friday, October 22, 2021 3:45 PM | MT Newswires

Health care stocks were edging higher this afternoon, with the NYSE Health Care Index rising 0.3% while the SPDR Health Care Select Sector ETF (XLV) also was up 0.3%. The Nasdaq Biotechnology index, however, was sinking 0.8%. In company news, 23andMe (ME) was 6% higher this afternoon, reversing a 10% decline Friday morning that followed it announcing the purchase of telemedicine platform Lemonaid Health for $100 million in cash and $300 million in stock as part of plans by the genetic testing company to offer personalized primary health care services to consumers.

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