In trading on Wednesday, shipping shares were relative leaders, up on the day by about 1.3%. Leading the group were shares of Genco Shipping (NYSE:GNK), up about 8.4% and shares of Frontline (NYSE:FRO) up about 6% on the day.
Also showing relative strength are biotechnology shares, up on the day by about 0.4% as a group, led by Incyte Genomics (NASDAQ:INCY), trading higher by about 26.6% and Inovio Pharmaceuticals (AMEX:INO), trading up by about 22.8% on Wednesday.
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