Sector Update: Health Care

Last Updated: Thursday, August 11, 2022 3:40 PM | MT Newswires

Health care stocks extended their afternoon declines, with the NYSE Health Care Index slipping 0.8% while the SPDR Health Care Select Sector ETF (XLV) was down 0.7%. The Nasdaq Biotechnology index was dropping 1.7%. In company news, EQRx (EQRX) declined more than 21% after the immunotherapy company saw its Q2 net loss widen to $0.17 per share from an $0.11 loss during the same quarter last year although it still managed to beat the three-analyst mean indicating a $0.19 loss during the three months ended June 30.

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