US Markets

Health Care Sector Update for 07/20/2020: PHG, PFE, QTNT, XLV, IBB

Health care firms were advancing in early trading Monday with the Health Care SPDR (XLV) up 0.37% and the iShares NASDAQ Biotechnology Index (IBB) 0.36% higher recently.

Philips (PHG) was rallying past 5% even after it reported Q2 adjusted earnings of EUR0.35 ($0.40) per share, down from EUR0.42 per share in the prior-year period.

Pfizer (PFE) was up more than 3% and BioNTech (BNTX) was nearly 11% higher amid a deal with the United Kingdom to supply the country with 30 million doses of their BNT162 COVID-19 vaccine candidate.

Quotient (QTNT) was advancing by more than 3% after saying an independent study in Spain found that its MosaiQ COVID-19 antibody microarray demonstrated an "impressive" 100% sensitivity and 99.8% specificity.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More