financetom
Market
financetom
/
Market
/
Sector Update: Healthcare Stocks Gain Thursday Afternoon
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Healthcare Stocks Gain Thursday Afternoon
May 28, 2026 10:50 AM

01:37 PM EDT, 05/28/2026 (MT Newswires) -- Healthcare stocks rose Thursday afternoon, with the NYSE Healthcare Index rising 1.1% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.2%.

The iShares Biotechnology ETF (IBB) increased 1.1%.

In corporate news, Eli Lilly's ( LLY ) weight-loss drugs secured coverage from the three largest US pharmacy benefit managers, the drugmaker said Thursday. Lilly shares gained 3.6%.

Agilent Technologies ( A ) stock jumped 19% after the company posted higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.

Illumina ( ILMN ) shares climbed 4.9% after it said it launched a whole-genome sequencing research workflow for molecular residual disease detection.

Cogent Biosciences ( COGT ) shares added 2.4% after it said the US Food and Drug Administration has accepted its new drug application for bezuclastinib plus sunitinib to treat patients with gastrointestinal stromal tumors who have been treated with imatinib previously.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Equity Markets Higher Following Fed Rate Cut
Equity Markets Higher Following Fed Rate Cut
Nov 9, 2024
03:52 PM EST, 11/07/2024 (MT Newswires) -- US benchmark equity indexes were higher ahead of Thursday's close after the Federal Reserve reduced its benchmark lending rate by 25 basis points. The Nasdaq Composite was up 1.5% at 19,272.3, while the S&P 500 rose 0.8% to 5,977.4. The Dow Jones Industrial Average advanced 0.1% to 43,788.4. All three indexes closed at...
US STOCKS-Stocks close higher after Fed cuts interest rates
US STOCKS-Stocks close higher after Fed cuts interest rates
Nov 9, 2024
* US weekly jobless claims rise moderately * Fed cuts rates by 25 bps * JP Morgan, Goldman weigh on Dow (Recasts with preliminary closing details, adds comments by U.S. Fed chief) By Chuck Mikolajczak NEW YORK, Nov 7 (Reuters) - U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points (bps) in...
Top Cryptocurrencies Extend Rally; Bitcoin Sets Record High Near $77,000
Top Cryptocurrencies Extend Rally; Bitcoin Sets Record High Near $77,000
Nov 9, 2024
04:05 PM EST, 11/07/2024 (MT Newswires) -- Most major digital assets were firmer Thursday with Bitcoin (BTC-USD) setting a new all-time high near $77,000. The CoinDesk Market Index, which tracks 126 digital assets, rose 2.4% in the past 24 hours. US stocks also moved higher as the Federal Reserve cut interest rates for a second consecutive meeting, with the Nasdaq...
Sector Update: Financial Stocks Decline Late Afternoon
Sector Update: Financial Stocks Decline Late Afternoon
Nov 9, 2024
03:52 PM EST, 11/07/2024 (MT Newswires) -- Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.7% and the Financial Select Sector SPDR Fund (XLF) falling 1.4%. The Philadelphia Housing Index was rising 1.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was adding 1.4%. Bitcoin (BTC-USD) was gaining 1.2% to $76,655, and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved