Sector Update: Health Care
Health care stocks rose late Tuesday afternoon with the NYSE Health Care Index adding 0.2% and the Health Care Select Sector SPDR Fund (XLV) increasing 0.4%.
The iShares Biotechnology ETF (IBB) gained 0.2%.
In corporate news, Avid Bioservices (CDMO) shares jumped 17% as RBC Capital Markets raised its price target to $12 from $8 after the company's bookings topped estimates.
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