Morningstar

Health Care Down on Rotation to AI Bets - Health Care Roundup

Provided by Dow Jones Oct 21, 2026, 9:40:00 PM

Health-care companies fell as traders rotated back into artificial-intelligence bets from the defensive parts of the sector.

Elevance Health fell as traders weighed the health insurer's improvement in medical-cost ratio, a key measure of payouts. Health insurers including Elevance, UnitedHealth Group and Humana had gained sharply in recent weeks.

Abbott Laboratories declined as investors looked askance at the medical-device maker's plan to spin off its nutritional unit, following years of growth and controversy struggles for the maker of Pedialyte drinks and Similac baby formula.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

October 21, 2026 17:40 ET (21:40 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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