<div id="readability-page-1">01:50 PM EDT, 05/08/2026 (MT Newswires) -- Healthcare stocks declined Friday afternoon, with the NYSE Healthcare Index falling 1% and the State Street Healthcare Select Sector SPDR ETF (XLV) shedding 0.9%.The iShares Biotechnology ETF (IBB) was 0.4% higher.In corporate news, Zoetis ( ZTS ) shares fell past 6% after Ameriprise downgraded the stock to hold from buy following its Q1 results Thursday. UBS cut the company's price target to $99 from $130, and Jefferies to $117 from $155.Traws Pharma ( TRAW ) shares surged 24%. The company said Friday it plans to develop potential therapies for the treatment and prevention of hantavirus infections using its portfolio of antiviral drug candidates targeting negative-strand RNA viruses.Novo Nordisk ( NVO ) saw a 40% month-on-month surge in April sales of its diabetes and weight-loss drugs in India after slashing prices, despite a flood of generic versions, Bloomberg reported, citing data from market researcher Pharmarack. Novo added 0.2%. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

LABU

NVOX

IBBQ

SBIO

Healthcare stocks fell on Friday, with the NYSE Healthcare Index down 1% and the State Street Healthcare Select Sector SPDR ETF (XLV) down 0.9%. Zoetis (ZTS) shares dropped over 6% after a downgrade by Ameriprise, while Traws Pharma (TRAW) shares surged 24% due to plans for new antiviral therapies. Novo Nordisk (NVO) reported a 40% increase in April sales of its diabetes and weight-loss drugs in India after price cuts, despite competition from generics.

Fidelity

Zoetis

SPDR S&P Health

Direxion S&P Biotech Bull 3X

Defiance Daily Target 2X Long NVO ETF

Health Care Select Sector SPDR

Invesco Nasdaq Biotechnology ETF

SPDR S&P Health Equip

iShares US Pharma

ALPS Medical Breakthrough

iShares Biotechnology ETF

Ameriprise Financial

UBS Group AG

Jefferies Financial

Traws Pharma

Novo Nordisk AS

Sector Update: Healthcare Stocks Lower in Afternoon Trading