Sector Update: Health Care

Last Updated: Tuesday, October 19, 2021 3:44 PM | MT Newswires

Health care stocks were outperforming the broader market's gains late in Tuesday's session, with the NYSE Health Care Index rising 1.4% while the Health Care Select Sector SPDR ETF (XLV) advanced 1.2%. The Nasdaq Biotechnology index climbed 1%. In company news, Johnson & Johnson (JNJ) rose 2.1%, tops among Dow components, after the health care conglomerate reported an 18% increase in adjusted Q3 profit to $2.60 per share, topping Wall Street expectations by $0.35 per share. Johnson & Johnson also raised its FY21 earnings and revenue forecasts above analyst projections.

Share this article:

Related Companies

You May Also Like