The US equities markets were quite depressed today, with most indexes firmly lower through most of the session. The S&P 500 etf SPY was down over -1.70%, the healthcare etf XLV was down over -2%, and the biotech etf IBB was down over -1%. Concern about rising interest rates appears to be one of the largest negative factors, but further delays in voting for Brexit and continuing political unrest in France and Ukraine are also influential. Meanwhile, Clovis Oncology (CLVS) was down sharply, but received a short-lived boost as news circulated that activist investors were pushing the company to seek a buyer. Here’s a recap.
