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Sector Update: Healthcare

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Healthcare stocks were softer late Friday afternoon, with the NYSE Healthcare Index 0.1% lower and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.3%.

The iShares Biotechnology ETF (IBB) was fractionally lower.

In corporate news, Xencor (XNCR) shares jumped 11% after the firm said Friday that phase 1 results for its experimental cancer therapy XmAb819 in advanced clear cell renal cell carcinoma have been selected for a proffered paper oral presentation at the European Society of Medical Oncology Congress in October.

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Sector Update: Financial Stocks Edge Higher Late Afternoon

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