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Sector Update: Health Care Stocks Mixed Late Afternoon
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Sector Update: Health Care Stocks Mixed Late Afternoon
Nov 9, 2024 11:37 AM

03:59 PM EST, 11/06/2024 (MT Newswires) -- Health care stocks were mixed late Wednesday afternoon, with the NYSE Health Care Index easing 0.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%.

The iShares Biotechnology ETF (IBB) rose 0.9%.

In corporate news, Cencora ( COR ) shares jumped 5.1% after it said Wednesday it agreed to buy Retina Consultants of America from private equity firm Webster Equity Partners for about $4.6 billion in cash, as the drug distributor looks to broaden its physician and manufacturer relationships.

Tango Therapeutics ( TNGX ) shares plunged 36% after the company reported a wider Q3 net loss.

CVS Health ( CVS ) shares jumped past 11% as a Q3 revenue beat overshadowed an earnings miss.

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