Healthcare stocks today: FDA decisions jolt biotechs as Wall Street shuts for New Year
Vanda Pharmaceuticals jumped 25% and Axsome rose 23% Wednesday after positive FDA decisions, while Corcept dropped 50% on a regulatory setback. The Health Care Select Sector SPDR Fund (XLV) slipped 0.6% as the S&P 500 fell 0.73%. U.S. markets were closed Thursday for New Year’s Day. Traders now await January macro data and managed-care earnings.