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Healthcare Stocks Sell Off Friday -- WSJ

The Wall Street Journal · 01/06/2023 10:36

By Charley Grant

Most sectors are rallying on Friday, but healthcare is a glaring exception.

Health stocks dominate the list of biggest laggards in the S&P 500. Baxter International shares fell 6% after the hospital products supplier announced it plans to spin off its kidney-care business.

Lab equipment maker Thermo Fisher Scientific was down about 5%, on pace for its worst day since 2020. Waters Corp. and Danaher were down 8% and 3%, respectively.

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(END) Dow Jones Newswires

January 06, 2023 10:36 ET (15:36 GMT)

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