ARTICLE | Financial News

Biotech dips amid market sell-off

February 5, 2018 11:34 PM UTC

On Monday, biotech indices traded in line with the broader markets, which saw a sell-off largely driven by concerns over rising interest rates.

The Dow Jones Industrial Average (DJIA) dropped 5% on the day, while the NASDAQ Composite, Standard & Poor's 500 Index, NASDAQ Biotechnology Index (NBI) and the NYSE Arca Biotechnology Index (BTK) fell 4%. ...