Sector Update: Healthcare Stocks Mixed Premarket Tuesday

09:17 AM EDT, 09/01/2026 (MT Newswires) -- Healthcare stocks were mixed premarket Tuesday, with the State Street Health Care Select Sector SPDR ETF (XLV) 1% higher and the iShares Biotechnology ETF (IBB) down 0.5% Novartis (NVS) shares were up more than 6% after the company said phase 3 trials of remibrutinib showed significantly reduced annualized relapse rates compared with teriflunomide in adults with relapsing multiple sclerosis. Medtronic (MDT) stock was up more than 2% after the company posted higher fiscal Q1 adjusted earnings and revenue. MiniMed (MMED) reported a fiscal Q1 breakeven, compared with a loss a year earlier, as net sales increased during the period. MiniMed shares were down more than 5% premarket.