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Sector Update: Health Care Stocks Edge Higher Premarket Tuesday
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Health care stocks edged higher premarket Tuesday. iShares Biotechnology ETF (IBB) rose 0.7% and Health Care Select Sector SPDR Fund (XLV) increased 0.3%. Novartis (NVS) shares climbed over 1% after FDA approved its SMA treatment and announced job cuts. Novo Nordisk (NVO) stock gained over 2% following positive phase 2 trial results. Select Medical Holdings (SEM) shares surged 14% after receiving a non-binding acquisition interest from Executive Chairman Robert Ortenzio.
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