Sector Update: Health Care Stocks Rise Premarket Tuesday

MT Newswires Live08-20

Sector Update: Health Care Stocks Rise Premarket Tuesday Health care stocks rose in premarket hours Tuesday as the Health Care Select Sector SPDR Fund (XLV) advanced by 0.4% and the iShares ...

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Biotechnology ETF (IBB) was also up 0.4% recently.Eli Lilly (LLY) shares were up more than 1% after saying results from a three-year phase 3 study showed that weekly tirzepatide injections reduced the risk of developing type 2 diabetes by 94% in obese or overweight adults with pre-diabetes condition compared to placebo.Medtronic (MDT) shares were 0.3% lower after it reported higher fiscal Q1 adjusted diluted earnings and revenue. 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