Sector Update: Health Care

Last Updated: Wednesday, October 5, 2022 3:35 PM | MT Newswires

Health care stocks continued their recovery Wednesday afternoon, with the NYSE Health Care Index up 0.6% and the SPDR Health Care Select Sector ETF (XLV) rising 0.7%. The Nasdaq Biotechnology index also was adding 0.4%, reversing a midday loss. In company news, OncoSec Medical (ONCS) fell 3.1% after the immuno-oncology company late Tuesday said it would be eliminating 45% of its jobs as it concentrates resources on the clinical development of its TAVO-EP metastatic melanoma drug.

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