Sector Update: Health Care-June 2024-www.financetom.com

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Sector Update: Health Care

May 7, 2026 10:33 AM

01:18 PM EDT, 05/07/2026 (MT Newswires) -- Health care stocks declined Thursday afternoon with the NYSE Health Care Index shedding 0.9% and the State Street Health Care Select Sector SPDR ETF (XLV) decreasing 0.7%.

The iShares Biotechnology ETF (IBB) dropped 2.9%.

In corporate news, Iovance Biotherapeutics ( IOVA ) shares fell 14% after the company's Q1 loss narrowed less than expected and revenue missed estimates.

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