NASDAQ Biotechnology Index

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NASDAQ Biotechnology Index

An index tracking pharmaceutical, biological research and similar companies whose shares trade on NASDAQ. It is weighted under a modified market capitalization scheme; the securities that compose it are updated semi-annually.
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The S&P Biotech Exchange Traded Fund and the Nasdaq Biotech Index both have annual returns in the 18%-19%--not far off the Nasdaq 100 Technology Sector Index.
The NASDAQ Biotech Index had its biggest one-day drop in seven years when President Trump announced his plan to lower drug prices in Medicare by tying what the U.S.
Financials and biotechs are weighing with the KBW bank index -0.8% and NASDAQ biotech index -1.2%.
Biotech has been the best-performing niche in healthcare in 2017, with the iShares Nasdaq Biotech index up 40 per cent year-to-date.
By comparison, the Nasdaq Biotech Index (IBB) has fallen around 25% over that same time frame.
The Nasdaq Biotech Index jumped 4.4 percent, rallying sharply before the end.
The Nasdaq Biotech Index saw five pullbacks of more than 6.6% over a 14-month period ending in August, and each time the gauge recovered the loss within about a month.
The Nasdaq biotech index gave close to 30 per cent returns compared to the MSCI world index, which gave close to 5 per cent.
Biotech stocks, as measured by the Nasdaq Biotech Index (NBI), have risen 50% over the past year, in part due to a spate of mergers and acquisitions as big pharmaceutical companies seek to bolster their pipelines of experimental drugs.
The Biotechnology Industry Organization reports that the Nasdaq biotech index surged 46% in 2003, helping biotech companies amass $16.4 billion in new financing, up 56% from 2002.
After the March 13 announcement to that effect by President Bill Clinton and British Prime Minister Tony Blair, the NASDAQ Biotech Index lost one-eighth of its value in two days.
The Nasdaq Biotech Index ended Friday up 0.9 per cent, gaining 4.6 per cent for the week.