Health-care companies rose after strong earnings from UnitedHealth Group alleviated fears about the impact of rising medical on health insurers.
The healthcare giant's first-quarter adjusted earnings topped Wall Street's estimates, despite a cyberattack that paralyzed national databases and weighed on earnings. The theft of medical data was perpetrated by a Russian gang known as ALPHV, or BlackCat.
Johnson & Johnson fell after the health-care conglomerate's earnings lagged some investors' expectations.
Shares of ProPhase Labs rallied after the biotech and diagnostic firm unveiled a new project that utilizes an AI platform and its massive genomics database.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-16-24 1812ET
