The pandemic has led to more than $150 billion in sales from new Covid-19 products, including vaccines.Soaring interest rates and a shaky economic outlook have hit stock prices this year. Health stocks are holding up better than most.
The S&P 500’s healthcare sector index is down 7.9% in 2022, on pace for its worst year since 2008. Yet it is still outperforming the broader market by 14 percentage points, the widest gap since 2000, according to Dow Jones Market Data. Only the energy and utilities sectors have fared better.
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