A perfect storm for biotech stocks
World of DTC Marketing
FEBRUARY 1, 2022
Over the past year, the iShares Biotechnology ETF IBB, +3.04% declined 23.3%, the Nasdaq Biotechnology Index NBI, +2.86% fell 20.4%, and the SPDR S&P Biotech ETF XBI, +5.48% tumbled 41.9%; the broader S&P 500 SPX, +1.89% , however, is up 13.0%. . All of this comes amid a backdrop of rising interest rates.
Let's personalize your content