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Sector Update: Healthcare Stocks Higher Late Afternoon

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Healthcare stocks rose late Thursday afternoon, with the NYSE Healthcare Index rising 1.4% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1.5%.

The iShares Biotechnology ETF (IBB) climbed 1.5%.

In corporate news, Eli Lilly's (LLY) weight-loss drugs secured coverage from the three largest US pharmacy benefit managers, the drugmaker said Thursday. Lilly shares gained 4.3%.

Agilent Technologies (A) stock jumped 18% after the company posted higher fiscal Q2 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.

Illumina (ILMN) shares climbed 5% after it said it launched a whole-genome sequencing research workflow for molecular residual disease detection.

AstraZeneca's (AZN) durvalumab, plus Bacillus Calmette-Guerin, received approval by the Food and Drug Administration to treat adults with BCG-naive, high-risk non-muscle invasive bladder cancer, the FDA said Thursday. AstraZeneca shares rose 0.2%.

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Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) fractionally lower and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, Burlington Stores (BURL) increased its full-year outlook Thursday, but its guidance for the ongoing quarter indicated a sequential slowdown in comparable sales growth. Its shares fell 9%.Caesars Entertainment (CZR) has agreed to be acquired and taken private by Fertitta Entertainment in an all-cash deal worth roughly $17.6 billion, the companies said in separate statements Thursday. Caesars shares were up 1%.Dollar Tree (DLTR) shares jumped past 17% after it posted higher fiscal Q1 adjusted earnings and revenue, and raised its fiscal 2026 adjusted EPS guidance.Best Buy (BBY) shares climbed 16% after it reported higher-than-expected fiscal Q1 adjusted earnings and revenue.

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Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks rose late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) gaining 1.3% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.5%.The Philadelphia Semiconductor index climbed 1.4%.In corporate news, Amazon-backed (AMZN) Anthropic has raised $65 billion in series H funding led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital at a $965 billion post-money valuation, the AI firm said in a Thursday post on X. Amazon shares rose 0.8%.Microsoft (MSFT) is slated to release a suite of new homegrown AI models next week at its Build conference in San Francisco, The Information reported. It will unveil a coding model aimed at boosting the competitiveness of Microsoft-owned GitHub Copilot, the report said. Microsoft shares were up over 3%.Snowflake (SNOW) shares surged 37% after the firm raised its full-year product-revenue outlook on better-than-expected fiscal Q1 results and announced a $6 billion infrastructure-spending deal with Amazon.com's cloud platform.Nebius (NBIS) shares jumped past 8% after Situational Awareness, a fund led by former OpenAI researcher Leopold Aschenbrenner, reported a 5.6% stake worth nearly $2.6 billion in the company, Reuters reported.

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Sectors

Sector Update: Financial

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.Bitcoin (BTC-USD) was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455%.In corporate news, UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction. UWM shares rose 1.8%, and Two Harbors was down 0.8%.

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