XLE off 4%, NASDAQ Off 1.57%, Biotech Mainly In The Green
After Close: Financials and Materials also hit hard down over 2%
Biotech stocks remain a safe harbor in a stormy market freaked out by the energy free-fall. Most major biotech ETFs are up FBT,XBI but the IBB was a little volatile eventually off 0.16%.KITE Pharma took its symbol cue and was up 15%. With the JPMorgan Healthcare Conference beginning on January 12 there will be further news to support the sector. Sign up now for timely updates.
Large Cap Biotech: GILD up 2.23%, FBT up 0.45%, REGN up 0.84%, RHHBY up 0.44%.