SPY424.35-0.91 -0.21%
DIA343.00-1.30 -0.38%
IXIC14,092.12-82.02 -0.58%

Sector Update: Health Care

05/11/2021 12:02

03:47 PM EDT, 05/11/2021 (MT Newswires) -- Health care stocks were mostly lower in Tuesday afternoon trading, with the NYSE Health Care Index falling 0.9% while the SPDR Health Care Select Sector ETF was down 1.2%. The Nasdaq Biotechnology index, however, was climbing 0.4% shortly before the closing bell. In company news, Rocket Pharmaceuticals (RCKT) fell 4% after UBS Tuesday cut its price target for the gene therapy company by $5 to $70 but also reiterated its buy stock rating in response to Rocket late Monday reporting a Q1 net loss of $0.65 per share, beating the Capital IQ consensus by $0.06 per share.