---
title: "Sector Update: Health Care Stocks Advance Tuesday Afternoon"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285248248.md"
description: "Health care stocks saw a rise on Tuesday, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF both up 0.3%. Pfizer reported Q1 results exceeding estimates, but its shares fell 0.7%. Merck's shares increased by 0.4% following its acquisition of Terns Pharmaceuticals. In contrast, BioNTech's shares dropped 3.5% due to a wider adjusted loss and lower revenue in Q1."
datetime: "2026-05-05T17:56:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285248248.md)
  - [en](https://longbridge.com/en/news/285248248.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285248248.md)
---

# Sector Update: Health Care Stocks Advance Tuesday Afternoon

01:56 PM EDT, 05/05/2026 (MT Newswires) -- Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the State Street Health Care Select Sector SPDR ETF (XLV) increasing 0.3% each.

The iShares Biotechnology ETF (IBB) was shedding 0.4%.

In corporate news, Pfizer's ( PFE ) Q1 results surpassed analysts' estimates as robust demand across its key brands offset weakening sales of its COVID-19 products. Its shares declined 0.7%.

Merck ( MRK ) shares added 0.4% after the company said Tuesday it has completed the acquisition of Terns Pharmaceuticals after a cash tender offer at $53 per share. Terns' stock will no longer be listed on Nasdaq, it said.

BioNTech (BNTX) shares dropped 3.5% after the company reported a wider adjusted loss and lower revenue in Q1.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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