Biotech stocks spike after election

Biotech stocks rose sharply on Wednesday following the U.S. election, easily outpacing the gains seen in the broader markets. The BioCentury 100 was up 417.03 (8.7%) to 5,209.84, with gainers outnumbering decliners by 95-5.

The NYSE Arca Biotechnology Index (BTK) gained 9.2%, while the NASDAQ Biotechnology Index (NBI) added 9% and the iShares NASDAQ Biotechnology ETF (IBB) rose 8.9%...