Sector Update: Healthcare Stocks Advance in Afternoon Trading

01:41 PM EDT, 10/12/2026 (MT Newswires) -- Healthcare stocks rose 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) was shedding 1%. In corporate news, Steris (STE) shares added 2.9% after the company said Monday its STERIS Corp. unit agreed to buy specialty surgical products company Xodus Medical and some affiliates for $2.1 billion at closing. Biogen (BIIB) shares gained 4.4% after JPMorgan upgraded the stock to overweight from neutral, with a $300 price target. First Tracks Biotherapeutics (TRAX) shares jumped past 10% after the company posted positive top-line data from group 1 of its phase 1b trial evaluating its lead investigational drug, ANB033, for celiac disease.