ARTICLE | Financial News
Biotechs sink, markets hammered on Brexit news
June 25, 2016 12:22 AM UTC
Biotech stocks sank Friday amid a worldwide sell-off on news that U.K. voters approved a referendum to leave the EU. The BioCentury 100 Index fell 246.47 (5.1%) to 4,552.30, with decliners outnumbering gainers 97-3.
The NASDAQ Biotechnology Index (NBI) and the iShares NASDAQ Biotechnology ETF (IBB) each dipped 5% on Friday and ended the week down 2.9%. The NYSE Arca Biotechnology Index (BTK) lost 5.1% on Friday, and ended the week off 2.5%. ...