Broader Economy Weighs Down LS Tools, MDx Stocks | GenomeWeb

NEW YORK (GenomeWeb) – A tumultuous global stock market weighed heavily on the shares of companies in the omics life science tools and molecular diagnostics space in August as the GenomeWeb Index fell nearly 8 percent month over month. 

The number of decliners outnumbered the number of gainers 25 to seven in August, and the index also fell more sharply than the Dow Jones Industrial Average and the Nasdaq Composite, both of which fell about 7 percent month over month. It beat the Nasdaq Biotechnology Index, however, which saw an 11 percent contraction in August. 

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