Stock Market Update
10-Nov-25 12:05 ET
Health care sector flattish following govenrmental developments
Dow +392.71
at 47379.60,
Nasdaq +123.37
at 23127.92,
S&P +67.14
at 6795.93
[BRIEFING.COM] The major averages are back near session highs at midday following an uptick in sector strength.
The health care sector (+0.2%) is putting up a flattish performance today despite its largest component, Eli Lilly (LLY 968.95, +44.58, +4.82%), expanding upon last week's gain. LLY's stock moved higher after announcing, alongside President Trump, that the company will provide most-favored nation drug pricing for their weight-loss drugs.
Meanwhile, managed care names such as Molina Healthcare (MOH 142.20, -9.86, -6.49%) and Centene (CNC 34.34, -3.22, -8.57%) are sharply lower after The Wall Street Journal reported Senate Republicans and President Trump have made a healthcare counteroffer that redirects Obamacare subsidies from health insurance companies to individuals.
