Sector Update: Healthcare

01:12 PM EDT, 10/23/2026 (MT Newswires) -- Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index dropping 1.3% and the State Street Health Care Select Sector SPDR ETF (XLV) falling 1%. The iShares Biotechnology ETF (IBB) decreased 0.6%. In corporate news, Bristol-Myers Squibb (BMY) shares were down 2.2% after it said Friday that a patient with highly active relapsing multiple sclerosis in a phase 1 trial assessing zolacabtagene autoleucel died from septic pneumonia after receiving high-dose cyclophosphamide.