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

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Sector Update: Health Care

Jul 18, 2024 1:03 PM

03:30 PM EDT, 07/18/2024 (MT Newswires) -- Health care stocks were retreating late Thursday afternoon with the NYSE Health Care Index falling 2.5% and the Health Care Select Sector SPDR Fund (XLV) dropping 2.3%.

The iShares Biotechnology ETF (IBB) shed 1.7%.

In corporate news, Cassava Sciences ( SAVA ) shares jumped 6% after the Delaware Court of Chancery scheduled a hearing to dismiss a lawsuit against the company's officers.

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