Biotech Stocks, Once Booming, Enter Bear Territory

The biotech stock index, which rose early in the pandemic on hopes for Covid-19 treatments, has fallen amid research failures, slowing M&A and rising interest rates

Scientists are using automation, real-time analysis and pooling data from around the world to rapidly identify and understand new coronavirus variants before the next one spreads widely. Photo Illustration: Sharon ShiBiotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a slowdown in big pharma buyouts batter the sector.

Biotech stocks began soaring in the spring of 2020 as individual investors and hedge funds flocked to the sector amid intense attention on the race to develop new vaccines and . The uptick in demand for biotech stocks helped fuel a historic boom in initial public offerings and venture-capital investment into 2021.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks edge higher, Treasury yields soar after strong jobs dataStock indexes ended a bumpy day higher on Wall Street Friday while Treasury yields soared, after a healthy report on the U.S. job market strengthened expectations for coming interest rate hikes Progress How could President Biden allow that
Source: latimes - 🏆 11. / 82 Read more »

DraftKings, Penn National —how sports betting stocks changed last monthShares of DraftKings dropped 16.4% during March, while the S&P 500 was up 4.2% over the same period. Shares of Penn National Gaming moved 17.1% lower in March, continuing a slumping month for sport betting stocks.
Source: MarketWatch - 🏆 3. / 97 Read more »

Best performing REIT stocks last monthReal estate platform ZeroDown compiled a list of the best performing REIT stocks in March using data from IEX Cloud.
Source: TucsonStar - 🏆 339. / 59 Read more »

Sports Fanatics Should Consider Buying These Three Stocks, Jim Cramer Says“You’ve got a lot of options if you want to own part of a pro-sports team or even a whole league, but they’re not always the best stocks,” Cramer said. Hmm.. what stocks should people who want to make money buy? Buy those stocks if you don’t want to make money. The Cramer Curse is real.
Source: nbcchicago - 🏆 545. / 51 Read more »

Stocks edge out gain as oil settles at $99 levelInvestors assess the state of the job market and inflation as the second quarter begins.
Source: FoxBusiness - 🏆 458. / 53 Read more »

U.S. stocks end higher Friday, S&P 500 and Nasdaq book third week of gainsU.S. stocks finished higher Friday, as investors focused on a strong labor market that could smooth the way for a more aggressive path of interest rate hikes. The Dow Jones Industrial Average added about 140 points, or 0.4%, ending near 34,818:
Source: MarketWatch - 🏆 3. / 97 Read more »