iShares U.S. Healthcare ETF is trading 3.1% up as capital rotates out of volatile tech and AI-linked growth stocks into more defensive sectors like healthcare.
- Broadcom’s earnings-related sell-off has pressured the Nasdaq, while the Dow is rising on value and safety plays, benefiting healthcare names.
- Geopolitical tension between the U.S. and Iran and elevated oil prices are further boosting demand for defensives and earnings-resilient sectors.