Patterson Companies was the worst performer within the Health Care Select Sector SPDR ETF (XLV) for the period between August 25 and August 31, with a return of -4.10%.
Vertex Pharmaceuticals (VRTX) has outperformed other stocks within the Health Care Select Sector SPDR ETF (XLV) with a return of 6.92% for the period between August 25 and August 31.
Vertex Pharmaceuticals (VRTX) makes up 1.19% of the Health Care Select Sector SPDR ETF (XLV). It has a market cap of ~$31 billion.
PerkinElmer (PKI) with a return of 5.94% was the best performer of XLV’s bottom ten stocks.
Though most of the biotech stocks rebounded from the recent lows, the long-term trend for biotech seems to be heading downward.
The Health Care Select Sector SPDR ETF (XLV) rose by 2.68% between August 25 and August 31, as 49 of its 55 stocks had positive returns.
The Bank of England’s MPC voted to hold interest rates at 0.5%, which strengthened the pound sterling against the euro and dollar. The EWU rose by 0.89%.
The SPY rose 0.54% on September 10. US investors, despite the Fed’s upcoming rate hike decision, were calm. All SPDR sectors except utilities rose.
The UK market’s reaction to the ECB’s announcement of its asset-buying plan was reflected in the rise of the iShares MSCI United Kingdom ETF (EWU) on Thursday, September 3.
The UK market experienced a stock rally on Thursday, September 3, over a comment of the ECB Chief Mario Draghi regarding the ECB’s plan to fully implement its asset-buying program.
The SPY has been rising subtly after its humble start on September 1. The rising US dollar reflects the growing strength of the US economy.
After considerable variation in late August, the SPDR S&P 500 ETF (SPY) experienced fewer fluctuations on Thursday, September 3.
The iShares MSCI United Kingdom ETF (EWU) returned 3.55% on September 8. Out of its 109 constituent stocks, 102 stocks rose on the day.
On September 8, the Tampa-based Teco Energy (TE) rose to $21.07 from $26.34. The company announced that it was bought by Emera for $10.4 billion.
The SPDR S&P 500 ETF (SPY) rebounded on September 8 and rose by 2.51% after a trailing five-day return of -0.12%.
The US dollar to Canadian dollar (USD/CAD) moved to 1.326 on the back of speculation that the Bank of Canada could go for another rate cut.
The pound fell to a low of 1.54 after the release of production data, which was below the forecast.
The Chinese yuan was trading on a flat note with a change of 0.02% at the end of the day on September 8, 2015.
The National Australia Bank business confidence index for August fell three points, echoing the depressed global outlook as commodity and crude prices have been falling.
The fall in crude price has affected the Russian ruble the most. The ruble follows crude prices almost perfectly.