Sector Update: Health Care Stocks Mixed Pre-Bell Friday

MT Newswires Live

2025/10/31

Health care stocks were mixed pre-bell Friday, with the iShares Biotechnology ETF (IBB) 0.3% higher and the Health Care Select Sector SPDR Fund (XLV) down 0.9%.

Novo Nordisk (NVO) Chief Executive Maziar Mike Doustdar said in a post on his verified LinkedIn account that employees impacted by layoffs "in the vast majority of our geographies" have been notified that they will lose their jobs, though the pace has varied in accord with local regulations. Shares of Novo Nordisk were down more than 3% premarket.

AbbVie (ABBV) stock was down more than 1% after the company reported a decline in Q3 adjusted earnings.

Ardelyx (ARDX) shares were up more than 22% after the company posted a Q3 breakeven and higher revenue.

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