Health-care companies rose as traders continued to pile into high-risk niches such as biotech and obesity-drug makers.

Shares of Novo Nordisk rose and are roughly 30% higher for the year to date. Health-care-payments company Waystar is eyeing an initial public offering in early June, The Wall Street Journal reported.

Canadian cannabis producer Tilray's shares leapt after it said it would issue up to 13.1 million shares as part of a private debt-for-equity exchange.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

05-14-24 1751ET