Medical device makers fall after US government probes of medical device imports

Shares of medical device makers fall after U.S. government announces probes into medical technology imports

Shares of GE Healthcare GEHC.O down 4.3%, Illumina ILMN.O slides 1.9%, Baxter BAX.N falls 3.2%, Intuitive Surgical ISRG.O slips 1%, Medtronic MDT.N declines 1.6%, Stryker SYK.N retreats 1.8% and Dexcom DXCM.O moves down 1.7%

The U.S. Commerce Department said on Wednesday it has opened new national security investigations into the import of personal protective equipment, medical items, robotics and industrial machinery

The probe also covers pacemakers, insulin pumps, coronary stents, heart valves, hearing aids, prosthetics, blood glucose monitors, orthopedic appliances, computed tomography scanners and magnetic resonance imaging machines

Shares of Abbott ABT.N dips 1.4%, Insulet PODD.O weakens 2.3%

The Section 232 investigations could be used as a basis for even higher tariffs on a wide swath of medical and industrial goods

Including session moves S&P 500 Health Care Equipment sub index .SPLRCMED is up 3.1% so far this year