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Health stocks continued their downward course on Thursday, as big biotech and pharmaceutical companies reported better-than-expected third-quarter results.
Amgen (AMGN Quote) was one of the biggest winners, bounding $7.96, or 16%, to $57.66 a day after the company raised its outlook.
Shares of Celgene (CELG Quote) were also stronger after the company beat analysts' profit and revenue expectations for the third quarter. Additionally, Celgene's management said the company expects to exceed its prior guidance for the year. Shares were up $3.60, or 6.8%, at $56.89. ...
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