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Sector Update: Health Care Stocks Move Higher Tuesday Afternoon
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Sector Update: Health Care Stocks Move Higher Tuesday Afternoon
Apr 8, 2025 11:29 AM

02:04 PM EDT, 04/08/2025 (MT Newswires) -- Health care stocks were marginally higher Tuesday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) adding 0.1%.

The iShares Biotechnology ETF (IBB) was down 1.9%.

In corporate news, CVS Health ( CVS ) shares jumped 6% after the company announced a new chief financial officer and said that it's on track to meet or surpass its full-year 2025 outlook.

Walgreens Boots Alliance's ( WBA ) fiscal Q2 results exceeded market expectations, while the drugstore chain withdrew its full-year guidance due to its proposed acquisition by Sycamore Partners. Walgreens shares edged up 0.1%.

Agilon Health ( AGL ) shares jumped 25% after Bernstein upgraded the stock to outperform from market perform and raised the price target to $8.50 from $3.30.

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