Health-care companies fell, but not by as much as the broad market, amid hopes the defensive sector would not be as susceptible as some areas to rising interest rates.
Shares of Medtronic fell after the medical device and therapies company extended its streak of quarterly earnings beats for its fiscal fourth-quarter, but provided a disappointing outlook for the current quarter.
Shares of drug-store chain Walgreens Boots Alliance fell to their lowest level since 1998 after drug wholesaler Cencora, formerly known as AmerisourceBergen, agreed to buy about $400 million in stock back from Walgreens Boots Alliance.
The Louisiana Senate passed legislation classifying abortion pills as controlled substances, setting up the state to become the first in the U.S. to criminalize possession of the drugs without a prescription.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
05-23-24 1707ET
