Sector Update: Health Care

Last Updated: Friday, July 1, 2022 4:10 PM | MT Newswires

Health care stocks were advancing this afternoon, with the NYSE Health Care Index adding 0.8% while the SPDR Health Care Select Sector ETF (XLV) was up 1.2%. The Nasdaq Biotechnology index was climbing 2.1%.

In company news, Quoin Pharmaceuticals (QNRX) was posting a 37% gain, earlier rising as much as 98%, after the specialty drug maker overnight withdrew plans to sell nearly 16.1 million of its American depository shares through a public offering first proposed on June 14.

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