SHPG Stock Price – Shire PLC ADR Stock Quote (U.S.: Nasdaq)

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Health care stocks turn upward as market rebounds

Health care stocks moved upward in Tuesday morning trade as the market began to reverse its previous weakness, though some pharmaceutical stocks continued to drag. The Health Care Select Sector SPDR rose 0.8%, the SPDR S&P Pharmaceuticals ETF rose 1.6% and the SPDR S&P Biotech ETF rose 1.3%, compared with a 0.5% rise in the S&P 500 and a 0.4% drop in the Dow Jones Industrial Average . Shares of Mylan NV rose 2.6%, Shire PLC rose 2.1%, Johnson & Johnson rose 1.5%, Eli Lilly & Co. rose 1.7%, Danaher Corp. rose 1.4% and UnitedHealth Group rose 0.8%. Some biopharmaceutical stocks continued their weakness on Tuesday, however, including Sanofi , which declined 0.9%, Bristol-Myers Squibb , which declined 1.4%, Medtronic , which declined 0.9%, and Neurocrine Biosciences , which declined 1.7%. Despite having dropped 4.4% on Monday, matching widespread market weakness, the health Care Select Sector SPDR has gained 1.5% year-to-date, compared with a 0.2% decline in the S&P 500 and a 1.5% decline in the Dow Jones Industrial Average.




Source : MTV