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Sector Update: Health Care

Sep 5, 2024 1:11 PM

03:29 PM EDT, 09/04/2024 (MT Newswires) -- Health care stocks fell late Wednesday afternoon with the NYSE Health Care Index down 0.5% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.3%.

The iShares Biotechnology ETF (IBB) eased 0.2%.

In corporate news, Myriad Genetics ( MYGN ) shares dropped 8.7% after the company said it's discontinuing the analysis of hospital resource utilization and costs of patients getting GeneSight testing compared with a control group due to significant disparities between groups.

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