Today’s markets were substantially bearish. The SPY ETF traded as low as 286.22, a decline of nearly 1%, before bouncing back to recoup around 40% of its declines at the time this article was written. This negative bias affected most stocks in the healthcare and biotech sectors, with the XLV healthcare sector ETF and the IBB biotech ETF both declining at least 0.5% at their lows for the session. Here’s a recap of what happened.