Sector Update: Healthcare Stocks Advance Tuesday Afternoon

01:33 PM EST, 11/03/2026 (MT Newswires) -- Healthcare stocks were slightly higher Tuesday afternoon, with the NYSE Healthcare Index fractionally higher and the State Street Health Care Select Sector SPDR ETF (XLV) increasing 0.2%. The iShares Biotechnology ETF (IBB) rose 1.4%. In corporate news, Royal Philips (PHG) shares added 3% after it posted higher Q3 sales. The company also said it continues to expect sales growth of 3% to 4.5% for 2026. Additionally, Philips said its Respironics unit reached an agreement in principle with the US Department of Justice to resolve previously disclosed criminal and civil investigations related to a recall. Pfizer (PFE) raised its full-year outlook on Tuesday as it reported third-quarter results above Wall Street estimates. The shares were still down 0.7%. Compass Pathways (CMPS) shares gained 5% after it reported a Q3 net loss Tuesday of $0.31 per diluted share, narrowing from a loss of $1.44 a year earlier. Analysts polled by FactSet expected a loss of $0.36.