Sector Update: Health Care Stocks Rise in Afternoon Trading

MT Newswires Live

Feb 06, 2025

Health care stocks were higher Wednesday afternoon, with the NYSE Health Care Index rising 1.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.9%.

The iShares Biotechnology ETF (IBB) climbed 2.2%.

In corporate news, Boston Scientific (BSX) reported stronger-than-expected Q4 sales amid a sharp gain in its cardiovascular segment. The stock rose 1.7%.

UnitedHealth Group (UNH) shares fell 1.6% following a now-deleted post from investor Bill Ackman on X questioning the company's profitability and saying that he would short its stock, Bloomberg reported.

Novo Nordisk (NVO) shares rose 5%. The company reported Q4 earnings of 6.34 Danish kroner ($0.88) per share, exceeding FactSet analyst consensus of 5.96 kroner.

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The stock rose 1.7%.</p><p>UnitedHealth Group (UNH) shares fell 1.6% following a now-deleted post from investor Bill Ackman on X questioning the company's profitability and saying that he would short its stock, Bloomberg reported.</p><p>Novo Nordisk (NVO) shares rose 5%. The company reported Q4 earnings of 6.34 Danish kroner ($0.88) per share, exceeding FactSet analyst consensus of 5.96 kroner.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1506573853.SGD","symbol_name":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2509230968","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509230968","pubTimestamp":1738781908,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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