Sector Update: Health Care Stocks Climb Late Afternoon
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Health care stocks rose in late afternoon trading, with the NYSE Health Care Index up 1.6% and the State Street Health Care Select Sector SPDR ETF gaining 1.4%. CVS Health is expected to see mid-teens earnings growth through 2028, boosting its shares by 1%. Pfizer plans job cuts in Switzerland, increasing its shares by 1.7%. HeartBeam's shares nearly doubled after FDA clearance for its ECG software. Centessa Pharmaceuticals' shares rose 3.5% following a price target increase by Oppenheimer.
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