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Sector Update: Healthcare Stocks Decline Late Afternoon

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Healthcare stocks fell late Friday afternoon with the NYSE Healthcare Index shedding 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) decreasing 0.4%.

The iShares Biotechnology ETF (IBB) dropped 1.7%.

In corporate news, Novo Nordisk (NVO) shares fell past 9% after it said a late-stage trial of ziltivekimab was unable to reduce major adverse cardiovascular events, compared with a placebo.

AbbVie (ABBV) lowered its full-year earnings guidance on Friday to account for the expected dilution from its planned acquisition of Apogee Therapeutics (APGE), despite reporting stronger-than-expected Q2 results. AbbVie shares were down 2%.

CareDx (CDNA) shares jumped past 14% a day after Q2 results beat market expectations and the company lifted its 2026 revenue guidance.

Replimune (REPL) shares surged 101% after the company late Thursday reported a favorable outcome of the US Food and Drug Administration's Cellular, Tissue, and Gene Therapies Advisory Committee Meeting for RP1 in advanced melanoma.

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Sector Update: Energy Stocks Higher Late Afternoon

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Sector Update: Financial Stocks Advance Late Afternoon

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