Pharmaceutical ETFs Catch Healthcare Contagion
This article was originally published on ETFTrends.com.
The retreat in healthcare stocks is bleeding over, with areas like pharmaceutical sector exchange traded funds being dragged down by association. The iShares U.S. Pharmaceuticals ETF (NYSEArca: IHE) continued its downward spiral Thursday, falling 0.4%. Pulling on the pharma segment, Pfizer (NYSE: PFE) decreased 1.5% and Merck & Co (NYSE: MRK) declined 1.0% on Thursday, [...]