Wednesday Sector Laggards: Precious Metals, Biotechnology Stocks
updated Wednesday, May 4, 11:15 AMIn trading on Wednesday, precious metals shares were relative laggards, down on the day by about 3.7%. Helping drag down the group were shares of Tanzanian Royalty Exploration Company (TRX), off about 14.3% and shares of Randgold Resources (GOLD) off about 10.9% on the day.
Also lagging the market Wednesday are biotechnology shares, down on the day by about 2.4% as a group, led down by Cytori Therapeutics (CYTX), trading lower by about 11.8% and Trovagene (TROV), trading lower by about 9.6%.
For MarketNewsVideo.com, I'm Sayoko Murase.