Sector Update: Healthcare Stocks Rise Late Afternoon

MT newswire2026/09/28 19:52

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03:52 PM EDT, 09/28/2026 (MT Newswires) -- Healthcare stocks rose late Monday afternoon with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each adding 0.3%. The iShares Biotechnology ETF (IBB) rose 0.8%. In corporate news, Eli Lilly (LLY) plans to pursue larger pharmaceutical deals as it looks to expand into new therapeutic areas, Bloomberg reported, citing an interview with CEO David Ricks on the sidelines of a diabetes conference in Milan. Ricks cited infectious disease, women's health, and psychiatric conditions as possible areas of opportunity in a broadening search for pharmaceutical deals, the report said. Lilly shares were up 0.2%. 10x Genomics (TXG) shares rose 3.4% after Argus Research initiated coverage of the stock with a buy rating and a $110 price target. Kodiak Sciences (KOD) shares surged 187% after the company said its two experimental eye drugs, Zenkuda and tabirafusp-ted, met primary endpoints in a phase 3 trial in people with wet age-related macular degeneration. AbbVie (ABBV) shares rose 1% after the US Food and Drug Administration approved Juvmo tablets to treat adults with Parkinson's disease.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

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智通财经•2026/09/30 03:41