Healthcare (HCSG) experienced a significant decline during intraday trading, with its stock price plummeting by 5.12%.

The sharp drop appears to be linked to sector-wide concerns following news that four Democratic-led states have filed a federal lawsuit to block the Trump administration's planned $600 million cuts to healthcare funding. Such funding reductions could negatively impact healthcare providers and companies that depend on federal support for public health programs, creating uncertainty within the industry.