Well being-care firms fell, however not by as a lot because the broad market, as earnings continued to come back in robust.
Drug-store chain and insurance coverage agency CVS Well being ticked down even after it reported a ten% improve in its second-quarter gross sales, pushed by development in its well being advantages enterprise.
Twist Bioscience shares traded greater after reporting better-than-expected loss and income development in its fiscal third quarter.
The well being care sector was a serious contributor to employment development in July, in line with the Labor Division.
“Employment within the sector had initially lagged the restoration of different sectors, however it’s now 3.3% above its pre-pandemic degree,” stated economists at brokerage Financial institution of America International Analysis.
“The latest power of employment positive factors within the sector displays a normalization of demand for medical care after Covid associated disruptions and an growing old inhabitants, in our view.”
Write to Rob Curran at rob.curran@dowjones.com
