Health-care companies fell as traders rotated into sectors with more to gain from elevated inflation and rising interest rates.
Over-the-counter drugmaker Perrigo saw shares slide after reporting that Covid safety protocols had weighed on demand for cold medicines in recent months.
Shares of Rani Therapeutics Holdings surged as speculators bet on its capsule technology.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
08-11-21 1642ET
