Health-care companies rose as traders rotated into the defensive sector ahead of election and Federal Reserve developments next week.
Shares of Reckitt Benckiser and Abbott Laboratories rallied after a U.S. court cleared the companies of liability in a case concerning their baby formulas. The lawsuit had alleged that Reckitt's Mead Johnson unit, along with Abbott, failed to warn that their specialized formulas for premature infants increased the risk of bowel disease.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-01-24 1753ET