Biotech stocks’ nice run seems to have ended.
While the first half of 2016 was pretty dismal for biotech stocks in general, the sector began bouncing back in July. The iShares Nasdaq Biotechnology exchange-traded fund (ETF) (NASDAQ:IBB) fell nearly 30% by the end of June. By late September, though, the biotech ETF had regained roughly half of its year-to-date loss. Now it’s going back down again in a major way.
