6 of 10 S&P worst-performing stocks in healthcare

Healthcare stocks continued to post losses in 2016 through last Friday, making healthcare the only group in the S&P 500 index to do so, Bloomberg reports.

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Six companies in the healthcare sector ranked among the 10 largest single-stock declines in the benchmark for 2016, according to the report. Health insurer, drug company and hospital stocks in the S&P 500 index have dropped nearly 4 percent this year.

Last week, healthcare stocks recorded a 3.3 percent dip, their largest five-day loss since February.

In the past five years, healthcare stocks have performed well, advancing 128 percent through 2015 and ranking above all other stock groups, Bloomberg reports.  

However, the 2016 presidential election holds clout over the stocks, as pharmaceutical companies remain political targets and the possibility of a Democrat-controlled Congress looms. 

More articles about healthcare finance:
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