Bulletin
Investor Alert

Market Pulse Archives

Aug. 8, 2011, 1:03 p.m. EDT

Drug stocks chase broader market south

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NYSE Arca Pharmaceutical Index (DRG)
  • X
    Teva Pharmaceutical Industries Ltd. ADR (TEVA)
  • X
    Sanofi ADR (SNY)

or Cancel Already have a watchlist? Log In

By Val Brickates Kennedy

BOSTON (MarketWatch) -- Drug stocks chased the broader market south Monday as the U.S. markets roiled over the Friday downgrade by Standard & Poor's of the U.S. government. The NYSE Arca Pharmaceutical Index /zigman2/quotes/210598443/delayed DRG -0.20% slipped 2.9% to 294, with stock components Teva Pharmaceutical Industries /zigman2/quotes/205657894/composite TEVA -3.00% and Sanofi /zigman2/quotes/201967021/composite SNY -1.02% falling hardest, both down 6%. The NYSE Arca Biotechnology Index /zigman2/quotes/210598458/delayed BTK -0.54% was under even more pressure, sliding 4.7% to 1,087, with component InterMune Inc. being the sharpest decliner, down 9%, followed by Amylin Pharmaceuticals , down 7%. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.44% crumbled 331 points to 11,118, after beginning the month above 12,000.

/zigman2/quotes/210598443/delayed
US : ICE Gib Ind
770.19
-1.52 -0.20%
Volume: 0.00
July 29, 2021 5:59p
loading...
/zigman2/quotes/205657894/composite
US : U.S.: NYSE
$ 9.69
-0.30 -3.00%
Volume: 15.50M
July 29, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$10.82 billion
Rev. per Employee
$422,386
loading...
/zigman2/quotes/201967021/composite
US : U.S.: Nasdaq
$ 51.53
-0.53 -1.02%
Volume: 1.92M
July 29, 2021 4:00p
P/E Ratio
9.41
Dividend Yield
2.65%
Market Cap
$129.71 billion
Rev. per Employee
$413,288
loading...
/zigman2/quotes/210598458/delayed
US : ICE Gib Ind
5,759.28
-31.54 -0.54%
Volume: 0.00
July 29, 2021 5:59p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,084.53
+153.60 +0.44%
Volume: 223.67M
July 29, 2021 5:13p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.