Health Care ETF XLV Gains 9.53% in October Amid Tech Rotation
Photo: TokenPost
The Health Care Select Sector SPDR Fund (XLV) rose 9.53% in October as investors shifted toward defensive health care shares amid a rotation away from technology stocks. Regeneron climbed 26.28% after results exceeded expectations and revenue grew through its collaboration with Sanofi. Eli Lilly advanced 23.28% amid strong results, a higher full-year revenue outlook and demand for Mounjaro and Zepbound. Illumina fell 11.19% after quarterly revenue missed expectations despite a stronger-than-expected bottom line. Solventum declined 7.34%. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
