News Headlines Article

Health-care stocks could rebound after their worst week of the year

Health-care stocks fell sharply last week, notching their worst weekly performance of the year, but a rebound may be at hand.

The S&P 500 health-care sector fell 4.4% last week, its worst weekly decline since late December. The move ended with more than 93% of health-care stocks trading below their 20-day moving averages, a short-term technical indicator, according to Andrew Thrasher of Thrasher Analytics.