Medical Devices Remain Strong

The Dow Jones US Medical Devices Index has steadily recovered from its low at the beginning of July.

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The performance continued last week as leading component Medtronic(MDT) issued a positive earnings report and confirmed guidance for the year.

iShares’ Dow Jones U.S. Medical Devices Index Fund (IHI) tracks the index.  Top holdings include Medtronic, Covidien (COV) and Thermo Fisher Scientific (TMO).