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Sector Update: Health Care
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Sector Update: Health Care
Dec 6, 2024 10:57 AM

01:36 PM EST, 12/06/2024 (MT Newswires) -- Health care stocks were lower Friday afternoon, with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.4%.

The iShares Biotechnology ETF (IBB) rose 1%.

In corporate news, UnitedHealth Group's ( UNH ) insurance unit was ordered by a US judge to again reconsider its previously denied coverage claim for a teenager's $175,000 mental health and substance abuse treatments, saying the latest denial had no legal basis, according to a Thursday court document. UnitedHealth ( UNH ) shares fell nearly 5%.

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