Upbeat Abbott, Intuitive Surgical reports send medical device stocks higher

Becton Dickinson and Co

19/04/2023 17:11

** Shares of medical device makers rise Weds after
encouraging reports from Abbott Laboratories  ABT.N  and
Intuitive Surgical Inc  ISRG.O 
    ** ABT's shares jump 7.7% after co signals device sales
recovery as hospital staff shortages ease
    ** ISRG's stock leaps 12.7% after it posts sales beat on
higher procedure volumes 
    ** S&P 500 Health Care Equipment index  .SPLRCMED  surges
4.4% to highest in about a year. Index on course for biggest
one-day advance since Nov 10
    ** Top index performers include: Medtronic  MDT.N  4.1%,
Stryker  SYK.N  3.2%, Edwards Lifesciences  EW.N  3.0%
    ** SPLRCMED now up ~10% YTD following ~20% drop in 2022

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))