Sector Update: Healthcare Stocks Retreat in Afternoon Trading

01:28 PM EST, 11/05/2026 (MT Newswires) -- Healthcare stocks declined Thursday afternoon, with the NYSE Healthcare Index falling 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) dropping 1.7%. The iShares Biotechnology ETF (IBB) slumped 3.9%. In corporate news, Novavax (NVAX) shares fell nearly over 9% after the company reported lower Q3 revenue. Becton Dickinson (BDX) and Cardinal Health (CAH) reported stronger-than-expected quarterly results on Thursday, while the former's fiscal 2027 earnings outlook missed consensus estimates. Becton Dickinson shares rose 0.7%, and Cardinal gained 3.8%. LifeMD (LFMD) said Thursday its affiliated pharmacy will directly dispense and ship Eli Lilly's (LLY) self-pay GLP-1 medicines under a new arrangement. LifeMD shares were falling 8%.