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Sector Update: Health Care
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Sector Update: Health Care
Mar 7, 2024 11:03 AM

01:31 PM EST, 03/07/2024 (MT Newswires) -- Health care stocks were stronger Thursday afternoon, with the NYSE Health Care Index rising 1.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.5%.

The iShares Biotechnology ETF (IBB) rose 0.5%.

In corporate news, Novo Nordisk ( NVO ) shares jumped past 9% and its market valuation rose to more than $608 billion in recent Thursday trading after the Danish drugmaker said its experimental obesity drug showed greater weight loss in early data.

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