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Stock impact report

Biotechs post record gains in November amid improving outlook [Seeking Alpha]

CRISPR Therapeutics AG - Common Shares (CRSP) 
Last crispr therapeutics ag - common shares earnings: 8/7 05:01 pm Check Earnings Report
US:NASDAQ Investor Relations: nasdaq.com/symbol/crsp/real-time
Company Research Source: Seeking Alpha
SPDR S&P Biotech ETF ( NYSEARCA: XBI ), representing over 130 biotech stocks, climbed ~14% while the S&P 500 added only ~9%. Elsewhere in healthcare, the SPDR S&P Pharmaceuticals ETF, which measures pharma stocks, gained only ~3%, and the broader health sector rose ~5%, as indicated by the Health Care Select Sector SPDR Fund ETF ( XLV While healthcare posted the best monthly performance since October 2022 in November, for biotechs, it was the best month since November 2020. However, the industry remains in the doldrums, with a ~55% selloff from its February 2021 peak compared to the ~14% rise in the healthcare sector. Mizuho healthcare equity strategist Jared Holz attributed the recent gains to a broader rally among small-cap stocks and a growing consensus among market participants that interest rates won't rise any further. In addition to higher funding costs, an adverse interest rate environment impacts biotechs as rising Treasury yields hurt the present value of their future Show less Read more
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