Sector Update: Health Care

Last Updated: Wednesday, August 10, 2022 3:29 PM | MT Newswires

Health care stocks remain moderately higher compared with most other sectors this afternoon, with the NYSE Health Care Index rising 0.5% while the SPDR Health Care Select Sector ETF (XLV) was up 0.9%. The Nasdaq Biotechnology index, however, was climbing 2.0% in late trade. In company news, AbCellera Biologics (ABCL) gained almost 19% after the Canadian antibody-discovery company reported a 66% increase in its Q2 revenue over the year-ago period, rising to $45.9 million during the three months ended June 30.

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