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Sector Update: Healthcare Stocks Rise Friday Afternoon

Sector Update: Healthcare Stocks Rise Friday Afternoon

MT newswireMT newswire2026/10/30 17:50
01:50 PM EDT, 10/30/2026 (MT Newswires) -- Healthcare stocks were higher Friday afternoon, with the NYSE Healthcare Index rising 1.1% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 0.8%. The iShares Biotechnology ETF (IBB) was 0.4%lower. In corporate news, AbbVie (ABBV) raised its 2026 guidance on Friday as its immunology and neuroscience businesses delivered better-than-expected Q3 sales. Its shares rose 1.6%. AstraZeneca (AZN) shares jumped past 7% after it posted higher fiscal Q3 core net income and revenue. Sanofi (SNY) shares rose 3.2% after it reported higher fiscal Q3 business net income and revenue, and raised its 2026 outlook.
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