Sector Update: Healthcare Stocks Mixed Premarket Wednesday

09:17 AM EDT, 10/21/2026 (MT Newswires) -- Healthcare stocks were mixed premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) declining by 1% and the iShares Biotechnology ETF (IBB) 0.2% higher Abbott Laboratories (ABT) said it intends to separate its Nutrition business into an independent, publicly traded company with about $8.5 billion in annual sales. The company also reported higher Q3 adjusted earnings and sales. Shares of Abbott Laboratories were down more than 4% pre-bell. Thermo Fisher Scientific (TMO) shares were nearly 3% lower even after the company reported higher fiscal Q3 adjusted earnings and revenue. Danaher (DHR) stock was down more than 2% even after the company posted higher fiscal Q3 adjusted earnings and sales, and raised its fiscal 2026 adjusted EPS guidance.