Sector Update: Healthcare Stocks Rise Premarket Thursday

09:16 AM EDT, 10/29/2026 (MT Newswires) -- Healthcare stocks were rising premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) advancing by 2.1% and the iShares Biotechnology ETF (IBB) 1.2% higher. Eli Lilly (LLY) shares were up more than 4% after the company posted higher Q3 non-GAAP earnings and revenue, and raised its 2026 revenue outlook. Merck (MRK) stock was up more than 2% after the company reported higher Q3 sales and raised its 2026 non-GAAP EPS outlook. Bristol-Myers Squibb (BMY) shares were up 0.4% after the company reported higher Q3 revenue and raised its 2026 revenue guidance.