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Comments Wall Street major averages posted weekly loses amid an AI-tech trade that continued to struggle, with lower consumer sentiment, and the ongoing U.S. government shutdown. Week to date, the Nasdaq and S&P 500 were down 3% and 1.6%, respectively, while Quick Insights Strong performance from select stocks like Henry Schein, Incyte, and IDEXX Laboratories led the Health Care sector higher, despite broader market declines. Both Pfizer and Moderna exceeded expectations but experienced significant year-over-year revenue declines due to weaker COVID vaccine demand; Pfizer raised earnings guidance while Moderna's overall revenue slumped. The intense bidding between Novo Nordisk and Pfizer for Metsera highlights strong competition for obesity drug assets, which can drive valuations and investment interest in the sector. Recommended For You More Trending News
