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Sector Update: Healthcare

Sector Update: Healthcare

MT newswire2026/09/03 17:09
01:09 PM EDT, 09/03/2026 (MT Newswires) -- Healthcare stocks were slightly higher Thursday afternoon, with the NYSE Healthcare Index increasing 0.2% and the State Street Health Care Select Sector SPDR ETF (XLV) up 0.1%. The iShares Biotechnology ETF (IBB) shed 0.2%. In corporate news, AbbVie (ABBV) said Thursday that it has completed its acquisition of Apogee Therapeutics (APGE), valuing the clinical-stage biotechnology company at about $10.9 billion, or $135.11 per share. The acquisition is expected to negatively impact adjusted diluted earnings per share by $0.14 in 2026 and by about $0.46 in 2027, with accretion beginning in 2032, AbbVie said. AbbVie shares were down 0.3%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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