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Market Correction Continues to Drag Healthcare Stocks

By Jack O'Brien  
   February 27, 2020

The worst week for the stock market since 2008 has had a negative impact on healthcare companies.

Days after the Dow Jones Industrial Average (DJIA) fell by more than 1,000, the index fell by 1,190 points Thursday, the largest single-day point drop in history. 

The S&P 500 fell by nearly 4.5% while the Nasdaq fell by 4.6%, both indices fell by over 3% on Monday.

The Dow Jones U.S. Health Care Providers Index fell by 3.21%, almost half of the 6.36% decline on Monday.

The worst week for the stock market since 2008 has had a negative impact on healthcare companies, particularly health insurers.

Related: Healthcare Stocks Fall as Dow Plunges More Than 1,000 Points

Below is a breakdown of the stock performances by healthcare companies:


Centene Corp. fell 3.26%.

UnitedHealth Group Inc. slid 3.46%.

Molina Healthcare Inc. dropped just over 3.5%.

Cigna Corp. fell by 3.7%.

Anthem Inc. tumbled 3.84%.

Humana Inc. fell 4.37%.

CVS Health Corp. dropped 5.3%.

Related: Markets Take Biggest Hit Since February 2018, Health Stocks Slide



HCA Healthcare dropped 0.8%.

Quorum Health Corp. fell 2%.

Tenet Healthcare tumbled 3.82%.

Universal Health Services Inc. slipped by over 5.1%.

Community Health Systems fell by nearly 9%.



Pfizer Inc. fell 1.8%.

Allergan PLC dropped by nearly 2%.

Merck & Co. Inc. fell by 2.3%.

Sanofi fell by 2.6%.

AstraZeneca PLC ADR dropped 3.3%.

Moderna Inc. dropped 10.29%.

Related: Healthcare Sector is One of the Stock Market's Healthiest Sector Right Now


Teladoc Health finished Thursday up more than 15.5%.

Fresenius Medical Care fell by almost 1%.

DaVita Inc. slipped 2.2%.

One Medical fell by 2.3%.

Magellan Health Inc. slid 2.4%.

Encompass Health Corp. dropped almost 3%.

Cerner Corp. dropped 3.49%.

Cardinal Health finished down 5%.

Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.

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