Sector Update: Healthcare Stocks Advance Premarket Wednesday

09:19 AM EST, 11/04/2026 (MT Newswires) -- Healthcare stocks were advancing premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 2.6% higher and the iShares Biotechnology ETF (IBB) up 2.9%. Novo Nordisk (NVO) shares were up more than 5% after the company posted higher Q3 net sales and lifted its 2026 adjusted sales guidance. CVS Health (CVS) plans to split its business into two companies in early 2028, separating retail pharmacies from the insurance and pharmacy-benefit operations, The Wall Street Journal and Financial Times reported. Separately, the company reported higher Q3 adjusted earnings and revenue, and raised its 2026 adjusted EPS outlook. CVS Health shares were down more than 5% pre-bell. Medline (MDLN) stock was up more than 7% after the company reported Q3 adjusted earnings that topped analysts' expectations, while net sales increased year on year.