Healthcare stocks declined late Wednesday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each shedding 0.5%.
The iShares Biotechnology ETF (IBB) rose 1%.
In corporate news, UnitedHealth (UNH) was sued Tuesday by several large companies, including $Aramark(ARMK-W)$ Services (ARMK), Kraft Heinz (KHC) and Whirlpool (WHR), which allege the company caused them to use plan assets to pay "improper, false, and fraudulent claims" and overpay claims, according to court documents. UnitedHealth shares were down 0.4%.
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