Sector Update: Healthcare Stocks Mixed Premarket Tuesday

MT newswire2026/09/01 13:17

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09:17 AM EDT, 09/01/2026 (MT Newswires) -- Healthcare stocks were mixed premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 1% higher and the iShares Biotechnology ETF (IBB) down 0.5% Novartis (NVS) shares were up more than 6% after the company said phase 3 trials of remibrutinib showed significantly reduced annualized relapse rates compared with teriflunomide in adults with relapsing multiple sclerosis. Medtronic (MDT) stock was up more than 2% after the company posted higher fiscal Q1 adjusted earnings and revenue. MiniMed (MMED) reported a fiscal Q1 breakeven, compared with a loss a year earlier, as net sales increased during the period. MiniMed shares were down more than 5% premarket.

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The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.

华尔街见闻•2026/11/10 18:41