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Five Health Care Shares Rise as All 12 Optical and Cloud Stocks Fall

Eli Lilly led the health care gains at 2.21%. Applied Optoelectronics had the steepest decline among the optical stocks, falling 5.06%.

Updated 1 min read
Pedestrians cross Broad Street outside the New York Stock Exchange in Manhattan. (AI-generated image / EconoTimes)
Pedestrians cross Broad Street outside the New York Stock Exchange in Manhattan. (AI-generated image / EconoTimes)

Five of six U.S.-listed health care shares rose in an Oct. 20 market snapshot, but all 12 optical communications and cloud stocks declined, with losses reaching 5.06%.

Eli Lilly led the health care group with a 2.21% gain. AbbVie rose 1.35%, Johnson & Johnson gained 1.15%, Novo Nordisk added 1.09% and Moderna climbed 0.73%. Merck was unchanged.

Among optical communications stocks, Applied Optoelectronics fell the most, dropping 5.06%. Coherent lost 3.67%, Lumentum declined 2.77%, Ciena fell 2.07% and Corning slipped 2.02%. Marvell Technology was down 1.75%, while Broadcom had the smallest decline in the group at 0.25%.

All five cloud stocks in the snapshot also fell. Oracle declined 1.18% and Applied Digital lost 2.52%. CoreWeave dropped 2.78% and Nebius fell 3.16%. IREN Limited had the largest decline in that group at 4.22%, following a 2.74% gain on Oct. 19.

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