Healthcare Provider Stocks Down After Quest Diagnostics Lowers Guidance

Healthcare provider stocks are under pressure in late morning trading on Wednesday, with the weakness in the sector due in large part to disappointing full-year guidance offered by Quest Diagnostics (DGX).

The losses by healthcare provider stocks have resulted in a 2.5 percent pullback by the Morgan Stanley Healthcare Provider Index. With the loss, the index has fallen to its lowest intraday level in seven months.