FINWIRES · TerminalLIVE
FINWIRES

Sector Update: Healthcare

By

Healthcare stocks were higher Thursday afternoon, with the NYSE Healthcare Index climbing 3.3% and the State Street Health Care Select Sector SPDR ETF (XLV) rising 2.9%.

The iShares Biotechnology ETF (IBB) added 2.4%.

In corporate news, Eli Lilly (LLY) shares climbed 5.1% after Ascidian Therapeutics said Lilly will receive exclusive, target-specific rights to Ascidian's RNA exon editing technology for undisclosed kidney disease targets in exchange for up to $1.9 billion under a research partnership and licensing deal.

Related Articles

Sectors

Sector Update: Consumer

Consumer stocks advanced Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) increasing 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.4%.In corporate news, Costco (COST) shares rose 1.7% after the company reported net sales of $24.01 billion in May, up from $20.97 billion a year earlier.

$COST
Sectors

Sector Update: Tech

Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.7%.The Philadelphia Semiconductor index dropped 2.1%.In corporate news, Broadcom (AVGO) shares fell past 13% after it reported fiscal Q2 results late Wednesday. The company's fiscal Q3 AI revenue outlook likely fell short of investor expectations, while Q2 results were slightly ahead of consensus, RBC said in a note.

$AVGO
Sectors

US Natural Gas Stocks Posts Smaller Gain Than Expected in Week Ended May 29

US natural gas stocks rose by 95 billion cubic feet in the week ended May 29, smaller than the 99 billion gain expected in a survey compiled by Bloomberg as of 7:30 am ET and following an increase of 92 billion cubic feet in the previous week.Stocks at 2.578 trillion cubic feet are 0.1% lower than in the comparable week a year ago but 5.7% above their 5-year average.