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Healthcare rally lifts Wall Street as oil prices retreat

reuters.com [$] — October 20, 2026 at 07:01 PM UTC

Wall Street's main indexes rose Tuesday as a surge in healthcare stocks and softer oil prices boosted risk appetite, building on a recovery from last week's technology-led selloff. The Dow gained 0.97%, the S&P 500 rose 0.42%, and the Nasdaq advanced 0.22%. Healthcare hit an all-time high, led by Eli Lilly's 4.7% jump to a record, with Amgen, Pfizer, Johnson & Johnson, and AbbVie each up over 2%. Energy led losses, while Meta Platforms fell about 2%. General Motors dropped 6.9% on cost pressures, while 3M gained 5% on an expanded Amazon data-center partnership. Investors are watching this week's earnings for growth clues amid macroeconomic risks. SpaceX and Netflix report after Tuesday's close, with Meta and Tesla due Wednesday. Advancing issues outnumbered decliners by over 2.5-to-1 on major exchanges.

With a significance score of 1.4, this news ranks in the top 41% of today's 32437 analyzed articles.

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