Healthcare ETFs Looked Pale on Reports J&J Knew About Asbestos in Baby Powder
December 14, 2018 at 15:32 PM EST
Healthcare sector-related ETFs appeared sickly Friday as Johnson & Johnson (NYSE: JNJ) dragged down the segment in response to reports that the company knew for decades that its baby powder contained asbestos. On Friday, the iShares U.S. Pharmaceuticals ETF (NYSEArca: IHE) declined 3.0% and the...