Health care stocks were higher Wednesday afternoon, with the NYSE Health Care Index rising 1.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.9%.
The iShares Biotechnology ETF (IBB) climbed 2.2%.
In corporate news, Boston Scientific (BSX) reported stronger-than-expected Q4 sales amid a sharp gain in its cardiovascular segment. The stock rose 1.7%.
UnitedHealth Group (UNH) shares fell 1.6% following a now-deleted post from investor Bill Ackman on X questioning the company's profitability and saying that he would short its stock, Bloomberg reported.
Novo Nordisk (NVO) shares rose 5%. The company reported Q4 earnings of 6.34 Danish kroner ($0.88) per share, exceeding FactSet analyst consensus of 5.96 kroner.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.