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Sector Update: Health Care Stocks Gain in Afternoon Trading
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Sector Update: Health Care Stocks Gain in Afternoon Trading
Aug 1, 2025 11:18 AM

01:51 PM EDT, 08/01/2025 (MT Newswires) -- Health care stocks rose Friday afternoon, with the NYSE Health Care Index up 0.3% and the Health Care Select Sector SPDR Fund (XLV) adding 0.4%.

The iShares Biotechnology ETF (IBB) was easing 0.1%.

In corporate news, iRhythm Technologies ( IRTC ) shares rose 18% after it reported better-than-expected Q2 results.

Bio-Rad Laboratories ( BIO/B ) shares climbed past 17% after analysts, including from RBC and UBS, raised their price targets on the stock following its Q2 results.

Moderna ( MRNA ) lowered the top end of its 2025 revenue guidance range due to a delay in COVID-19 vaccine shipments to the UK. Its shares fell past 7%.

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