Sector Update: Health Care Stocks Decline Friday Afternoon
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Health care stocks declined Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund each down 0.3%. The iShares Biotechnology ETF shed 0.6%. Novo Nordisk lost an Indian court case, affecting its stock slightly. Conmed shares fell over 10% due to plans to exit gastroenterology product lines, expecting EPS dilution in 2026. Cooper stock rose over 8% after reporting higher fiscal Q4 earnings and sales.
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