Health-care companies rose amid signs that Americans are availing themselves of discretionary health-care at rates not seen since before the pandemic.
Shares of Quest Diagnostics rallied after the provider of medical testing and diagnostic services posted quarterly earnings ahead of Wall Street expectations.
Shares of Cigna Group slid after the health insurer warned that higher health-care costs in one insurance unit weighed on profitability. Insurers saw profit margins soar in the pandemic as insurees sought out fewer discretionary medical services.
Sanofi shares rose after French pharmaceutical company said a key measure of operating profitability should grow at a low double-digit percentage rate, excluding the impact of foreign exchange.
