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Sector Update: Healthcare Stocks Decline Wednesday Afternoon

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Healthcare stocks declined Wednesday afternoon, with the NYSE Healthcare Index decreasing 0.4% and the State Street Health Care Select Sector SPDR ETF (XLV) shedding 0.7%.

The iShares Biotechnology ETF (IBB) rose 2.2%.

In corporate news, IQVIA (IQV) shares fell 3.3% after Morgan Stanley downgraded the company to equalweight from overweight and cut its price target to $200 from $225.

Novo Nordisk (NVO) said it is aware of claims by cyber extortion group FulcrumSec that it stole company data and sought a $25 million payment, Reuters reported. Novo shares were up 1.8%.

Moderna (MRNA) plans to invest in production sites in Germany and is interested in the plants that BioNTech (BNTX) has slated for closure, according to a Google translation of a Wednesday report from German news outlet Handelsblatt. Moderna shares jumped past 8%, and BioNTech was up 4%.

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Wire

Top Cryptocurrencies Lower; Bitcoin Falls Below $66,000 Level

Major digital assets were weaker Tuesday, with Bitcoin (BTC-USD) falling below the $66,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.3% in the past 24 hours. The Nasdaq 100 fell 1.7%, the S&P 500 declined 0.5%, and the Dow Jones Industrial Average increased 0.7%.Bitcoin fell 1.5% to $65,538, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume dropped 30.9% to $26.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, dropped 1.6% to $1,794.XRP (XRP-USD) shed 4.5%, BNB (BNB-USD) lost 2.2%, and Solana (SOL-USD) decreased 1.6%. Dogecoin (DOGE-USD) fell 1.7%, while Cardano (ADA-USD) declined 6.6%.The US 10-year Treasury yield stood at 4.426% at 3 p.m. ET Tuesday, down from 4.469% Monday, while the five-year yield fell to 4.149% from 4.186%.The total market value of the cryptocurrency industry fell 1.5% in the past 24 hours to $2.25 trillion, with trading volume declining 20.6% to $78.55 billion.Price: $65544.28, Change: $-743.20, Percent Change: -1.12%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Thor Industries Keeps Quarterly Dividend at $0.52 a Share, Payable July 15 to Holders of Record July 1

Thor Industries Keeps Quarterly Dividend at $0.52 a Share, Payable July 15 to Holders of Record July 1

$THO
Wire

Sector Update: Consumer

Consumer stocks edged up late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each fractionally higher.In corporate news, Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson. The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said. Rivian shares fell 4.3%.

$RIVN