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Sector Update: Health Care

May 24, 2024 5:13 PM

03:34 PM EDT, 05/24/2024 (MT Newswires) -- Health care stocks were declining late Friday afternoon, with the NYSE Health Care Index shedding 0.4% and the Health Care Select Sector SPDR Fund (XLV) down 0.3%.

The iShares Biotechnology ETF (IBB) was fractionally lower.

In corporate news, Scilex ( SCLX ) said Friday that it has been notified that it will be added to the MSCI Global Small Cap Index as of the close of market on May 31. Separately, Scilex ( SCLX ) said Friday it sent a letter to the US House of Representatives requesting an investigation into alleged illegal market manipulation of its shares via "naked short" selling. Scilex ( SCLX ) shares popped 3.5%.

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