In trading on Monday, biotechnology shares were relative laggards, down on the day by about 3.1%. Helping drag down the group were shares of Galena Biopharma (NASDAQ:GALE), off about 17.8% and shares of Vanda Pharmaceuticals (NASDAQ:VNDA) off about 14.1% on the day.
Also lagging the market Monday are shipping shares, down on the day by about 3% as a group, led down by Genco Shipping & Trading Limited (NYSE:GNK), trading lower by about 11.1% and Danaos (NYSE:DAC), trading lower by about 8.1%.
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