Health care stocks rose Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each advancing about 1.5%.
The iShares Biotechnology ETF (IBB) climbed 2.4%.
In corporate news, AstraZeneca (AZN) shares rose 2.3% after the company said it plans to invest $50 billion in the US by 2030, including a new manufacturing facility in Virginia.
IQVIA (IQV) shares jumped 18% after it reported higher Q2 adjusted earnings and revenue.
Sanofi (SNY) added 1.4% after the drugmaker said Beyfortus for respiratory syncytial virus prevention in infants met both of its primary endpoints in its largest US real-world study.
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.