Sector Update: Health Care Stocks Rise in Afternoon Trading-February 2024-www.financetom.com

Sector Update: Health Care Stocks Rise in Afternoon Trading

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Sector Update: Health Care Stocks Rise in Afternoon Trading

Nov 9, 2024 1:23 PM

01:58 PM EST, 11/08/2024 (MT Newswires) -- Health care stocks were higher Friday afternoon, with the NYSE Health Care Index rising 0.9% and the Health Care Select Sector SPDR Fund (XLV) adding 1.1%.

The iShares Biotechnology ETF (IBB) rose 0.5%.

In corporate news, Astrana Health ( ASTH ) said Friday it agreed to buy certain businesses and assets of Prospect Health System for $745 million in a bid to expand its care provider network. Astrana shares tumbled more than 18%.

Agilon Health ( AGL ) shares plunged 31% in recent trading, a day after reporting a wider Q3 net loss and missing market expectations.

QuidelOrtho ( QDEL ) shares jumped 13% in recent trading, a day after the company reported better-than-expected Q3 adjusted earnings and revenue.

Previous page： BoE's Bailey hopes for less bond market volatility driven by US tariffs Next page： Analysis-Trump's SEC leader shifts power from investors to boardrooms

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

BoE's Bailey hopes for less bond market volatility driven by US tariffs

Feb 18, 2025

(Reuters) - Bank of England Governor Andrew Bailey said on Tuesday he wanted to see less volatility in medium and longer-dated bond yields that have been driven up by speculation about the trade policies of U.S. President Donald Trump. British government borrowing costs surged and then eased in January as investors tried to price global inflation risks in the light...

Analysis-Trump's SEC leader shifts power from investors to boardrooms

Feb 18, 2025

(Reuters) - New policies from the top U.S. securities regulator hand corporate boards more power over investors in ways that could curtail investor-initiated reform efforts on everything from climate policy to director contests, experts say. Since last month when U.S. President Donald Trump named Mark Uyeda acting chair of the Securities and Exchange Commission, the agency has made it easier...

Grab Shares Rise Following Singapore's 2025 Budget Announcement

Feb 18, 2025

Shares of Grab Holdings Limited ( GRAB ) are trading higher Tuesday after Singapore's government announced a 50% corporate income tax rebate as part of its 2025 budget. What To Know: According to Business Times, Singapore’s Finance Minister Lawrence Wong stated that the rebate, capped at S$40,000 per company, is designed to support businesses as they navigate rising costs and...

Dominion Lending Extends and Increases Credit Facility

Feb 18, 2025

02:15 PM EST, 02/18/2025 (MT Newswires) -- Dominion Lending Centres ( BRLGF ) on Tuesday increased and extended its credit facilities, comprised of two senior facilities which provide the company with a revolving credit line and a term facility. The company extended the maturity date to Feb. 18, 2030, from Dec. 19, 2026. The revolving credit facility was increased by...