Sector Update: Health Care Stocks Rise in Afternoon Trading

fidelity
2026.01.22 18:51
portai
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Health care stocks rose in afternoon trading, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF increasing by 0.3%. The iShares Biotechnology ETF gained 1.5%. Moderna's shares rose 6.7% despite the company not planning new vaccine trials due to US opposition. Abbott Laboratories' shares fell over 9% after issuing a Q1 earnings outlook below estimates. In contrast, 60 Degrees Pharmaceuticals' shares surged 151% following a partnership announcement with Runway Health for malaria prevention.