TREE NEWS reports: The SPDR Health Care Select Sector ETF (XLV) fell just 0.04% in the week of Nov. 2-6 while the S&P 500 dropped 2.70% and the Nasdaq-100-tracking QQQ fell 4.98%, with the Nasdaq down 5.52% on Nov. 5 alone. XLV rose 3.07% on Nov. 4, the first trading day after the midterm elections, and Moderna gained 14.64% for the week while Eli Lilly fell 4.48% despite 39% revenue growth.
Healthcare holds up as AI stocks sell off; XLV down 0.04% vs QQQ’s 4.98%
AI take
The divergence is the story: healthcare's near-flat week against a sharp AI-led selloff suggests defensive rotation rather than sector-specific strength, and the post-election pop in XLV hints at policy relief being priced in. Moderna's double-digit gain alongside Lilly's decline despite strong revenue growth shows the sector is not moving as one trade, so index-level resilience can mask wide single-name dispersion. Whether XLV's relative outperformance persists if the broader drawdown deepens is the open question.
Generated by AI for reference only.
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