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Healthcare Stocks ending the week on ‘bearish’ mode  

Most sectors are rallying on Friday, but healthcare is a glaring exception!

Healthcare stocks dominate the list of biggest laggards in the S&P 500

Tweet on healthcare stocks 

FactSet chart on healthcare stocks

Baxter International shares fell 6% after the hospital products supplier announced it plans to spin off its kidney-care business.

Lab equipment maker Thermo Fisher Scientific was down about 5%, on pace for its worst day since 2020. Waters Corp. and Danaher were down 8% and 3%, respectively.

Large-cap healthcare has proven an attractive defensive play, especially during the early day of pandemics as investors have sought safety in the dividends, and the perceived insulation from a broader recessionary environment that the sector can offer


Image:healthcare logo