SPY420.86+5.94 1.43%
DIA338.78+5.82 1.75%
IXIC14,141.48+111.10 0.79%

Sector Update: Health Care

05/10/2021 11:39

03:33 PM EDT, 05/10/2021 (MT Newswires) -- Health care stocks still were mostly higher this afternoon, with the NYSE Health Care Index rising 0.4% while the SPDR Health Care Select Sector ETF also was up 0.4% in late trade. The Nasdaq Biotechnology index, however, was sinking 1.6%. In company news, Viatris (VTRS) gained 7.7% after the drug maker Monday reported a Q1 net loss of $0.86 per share, reversing a $0.04 per share profit during the year-ago quarter, but still beating the Capital IQ consensus looking for a $0.13 per share net loss. Revenue grew 69% year-over-year to $4.43 billion, also exceeding the $4.20 billion Street view.