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Infographic – Nasdaq Biotech Index Recovers

Nasdaq Biotechnology Index

Nasdaq Biotechnology Index, 8 Oct. 2018 to 4 Jan. 2019. Click on image for full-size view (Nasdaq)

5 Jan. 2019. Yesterday, stock prices jumped sharply including for biotechnology companies, an industry we follow on Science & Enterprise. We’ll check in from time to time on the Nasdaq Biotechnology Index that tracks 223 biotech industry stocks, and on Friday that index closed at 3,228.22, an increase of 3.4 percent for the day. The Nasdaq overall, dominated by technology industry stocks, rose 4.3 percent for the day.

But smart investors advise taking a longer view of market changes, and over the past 3 months, the Nasdaq Biotechnology Index shows a different story, pictured in this weekend’s infographic. For the past 3 months, the index is down about 15 percent. While the trend is up from the deep trough on 24 December, there’s still a long way to go.

Please note that while we report on investments, we do not provide investment advice. Consult your own financial advisers for that.

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