Healthcare Stocks Are In Decline
According to Reuters, healthcare stocks in decline on Wall Street put pressure on a global gauge of stocks.
On April 17th, MSCI’s all-country world stock index rose about two-tenths of a percent.
Those gains were buoyed by data from China that showed its economy grew by 6.4-percent in the first quarter.
But losses for healthcare stocks held MSCI's global equity gauge in check.
United Health Group, Merck & Co., and Pfizer lost between 3-and-4 percent on the day.
Those losses brought the S&P's healthcare index down by 3.4-percent, erasing its year-to-date gains.