Midway through trading Tuesday, the Dow traded up 1.25% to 34,429.02 while the NASDAQ rose 1.42% to 14,458.35. The S&P also rose, gaining 1.33% to 4,357.69.
Unity Biotechnology (NASDAQ:UBX) reported quarterly losses of $(0.32) per share. This is a 15.79 percent increase over losses of $(0.38) per share from the same period last year.
Biotech stocks rebounded in the week ended July 23, thanks to the broader market strength. The sector also benefitted from the optimism that was set in motion by the solid start to the pharma reporting season.