Healthcare Stocks Caught up in Market Selloff

Dow Jones11-06

1005 GMT - Healthcare stocks are being caught up in the wider market selloff, possibly hit by investors taking profits on recent gains in the sector, Wealth Club's Susannah Streeter says. The Stoxx Europe 600 Health Care index is down 2.1%, making it one of the worst-performing sector indexes. The Stoxx Europe 600 falls 0.9%. Investors are reassessing valuations and reducing exposure across the board, Streeter says. Healthcare and pharmaceutical stocks have made strides in recent weeks, so some investors might be cashing in to help cover losses elsewhere in their portfolios, she adds. Roche, Novartis, AstraZeneca, GSK and Sanofi are all down around 2% or more.

 

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