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Sector Update: Health Care Stocks Rise Late Afternoon
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Sector Update: Health Care Stocks Rise Late Afternoon
Jul 16, 2024 1:35 PM

04:02 PM EDT, 07/16/2024 (MT Newswires) -- Health care stocks advanced late Tuesday afternoon with the NYSE Health Care Index adding 1.1% and the Health Care Select Sector SPDR Fund (XLV) gaining 1.4%.

The iShares Biotechnology ETF (IBB) climbed 2.1%.

In corporate news, DIH Holding US ( DHAI ) shares spiked 4.2% a day after the provider of robotic devices used in physical rehabilitation reported fiscal Q4 results.

UnitedHealth ( UNH ) reported stronger-than-expected Q2 results while lowering full-year GAAP earnings guidance amid increased costs and revenue disruptions tied to a cyberattack in February. Its shares jumped 6.5%.

AngioDynamics ( ANGO ) shares surged 25% after the company reported a smaller-than-expected fiscal Q4 loss and announced a $15 million stock buyback plan.

Nkarta ( NKTX ) stock popped almost 14% after Nadir Mahmood was named company president. He shares executive leadership with Paul Hastings, who will continue as chief executive officer.

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