Friday's ETF Movers: XBI, FM

In trading on Friday, the SPDR S&P Biotech ETF (XBI) is outperforming other ETFs, up about 3.5% on the day. Components of that ETF showing particular strength include shares of Alder Biopharmaceuticals (ALDR), up about 18% and shares of Xoma (XOMA), up about 10.3% on the day.