Sector Update: Healthcare Stocks Mixed Late Afternoon
MT newswire2026/10/06 19:5103:51 PM EDT, 10/06/2026 (MT Newswires) -- Healthcare stocks were mixed late Tuesday afternoon, with the NYSE Healthcare Index up 0.2% and the State Street Health Care Select Sector SPDR ETF (XLV) decreasing 0.3%. The iShares Biotechnology ETF (IBB) fell 2.5%. In corporate news, McKesson (MCK) and CD&R have entered into a definitive agreement to buy Option Care Health (OPCH) for $32.05 per share, reflecting a total enterprise value of about $5.8 billion. McKesson shares were up 0.7%, and Option Care surged 32%. Jupiter Neurosciences (JUNS) said Tuesday it has started a process to evaluate strategic options, including sale or licensing, strategic partnerships, and business combinations. Its shares jumped 15%. Stryker (SYK) Chief Executive Kevin Lobo is stepping down after 14 years and transitioning to the role of executive chair of the board, effective Jan. 1, as part of a planned leadership transition, the company said Tuesday. He will be succeeded by President and Chief Operating Officer Spencer Stiles, who will also be appointed to the board, the company said. The company's shares were down 2.6%. Becton Dickinson (BDX) plans to invest $19 billion in the US over several years as part of a government partnership to expand domestic manufacturing and strengthen medical supply chains, the company said Tuesday. Its shares were down marginally.
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