S&P Healthcare Sector Hits New High as Moderna Jumps 47% in 1 Month
Updated
Updated · CNBC · Jun 29
S&P Healthcare Sector Hits New High as Moderna Jumps 47% in 1 Month
3 articles · Updated · CNBC · Jun 29
Summary
The S&P healthcare sector set a fresh high Monday, extending a roughly 8% gain over the past month and leading major sector moves.
Moderna helped drive the rally with a 47% one-month surge, while Humana rose 27%, Charles River Labs about 25% and Cardinal Health 20%.
Bio-Techne climbed 37% in a month after Merck said it would acquire the company, adding takeover momentum to the sector's advance.
The move came as other pockets of the market also strengthened: the S&P airline industry hit a new high and was up nearly 16% in June, while utilities gained almost 3% in a week.