Shares of several healthcare stocks soared today as the broader market jumped after the number of new COVID-19 cases in the U.S. appeared to have slowed somewhat. Align Technology (NASDAQ: ALGN) stock vaulted 14.6% higher. Shares of Bausch Health Companies (NYSE: BHC) rose 9.8%. Momenta Pharmaceuticals (NASDAQ: MNTA) stock climbed 15.6% higher. And shares of ShockWave Medical (NASDAQ: SWAV) were up 10.6% at the close of trading today.
Johns Hopkins reported that the number of new COVID-19 cases in the U.S. on Sunday totaled 28,222. That was down from 33,264 on Saturday and 32,133 on Friday. This decline caused the five-day moving average of new COVID-19 cases to fall for the first time since the coronavirus pandemic started.
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