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Stockwatch: Every Little Thing That's Done Is A Negative

This article was originally published in Scrip

Executive Summary

Not only has it been one of those weeks in the stock market where it feels like every announcement by a company is met with a wave of selling and a consequent falling share price - it has become specific to life sciences. Last week saw a 2.0% rise in the S&P 500 index, but falls of 1.1% and 6.4% in the Arca Pharmaceutical and NASDAQ Biotech indices, respectively.