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Sector Update: Healthcare Stocks Rise Late Afternoon
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Sector Update: Healthcare Stocks Rise Late Afternoon
Aug 7, 2026 1:20 PM

03:49 PM EDT, 08/07/2026 (MT Newswires) -- Healthcare stocks rose late Friday afternoon, with the NYSE Healthcare Index adding 0.4% and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.6%.

The iShares Biotechnology ETF (IBB) climbed 2%.

In corporate news, Doximity ( DOCS ) reported higher fiscal Q1 revenue late Thursday, beating consensus but adjusted earnings missed estimates. On the company's post-earnings conference call, per a FactSet transcript, Chief Executive Jeffrey Tangney said the revenue that Doximity's ( DOCS ) new AI search tool is generating is 10 times what it costs to run. Doximity ( DOCS ) shares surged 36%.

Pulse Biosciences ( PLSE ) shares jumped past 9% in Friday trading, a day after the company reported its Q2 results.

Neurocrine Biosciences ( NBIX ) shares gained 2.8% after the company said Friday it has started a phase 1 first-in-human trial of NBIP-1968, an experimental drug for obesity.

ANI Pharmaceuticals ( ANIP ) shares were down 5.9% even after it posted higher Q2 adjusted earnings and net revenue.

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