Sector Update: Health Care-March 2024-www.financetom.com

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Sector Update: Health Care

May 6, 2024 1:06 PM

03:36 PM EDT, 05/06/2024 (MT Newswires) -- Health care stocks rose late Monday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) up 0.2%.

The iShares Biotechnology ETF (IBB) fell 0.2%.

In corporate news, GlycoMimetics ( GLYC ) shares plunged 82% after the company said a late-stage study of uproleselan plus chemotherapy failed to meet its main goal for blood cancer.

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