Health Care Stocks Hit Record Highs, GM Drops Nearly 8%: Stock Market Today
Key takeaways
- Health care stocks hit record highs, but General Motors’ earnings miss and guidance downgrade dampen broader market optimism.
- GM Q3 EPS $3.70 vs $3.63 estimate
- GM revenue $50 billion
- GM full‑year EPS guidance $12.75‑$13.75 vs $13.41 consensus
What happened
Health care shares surged to record highs by midday, led by the Health Care Select Sector SPDR Fund jumping 2.2%. General Motors (GM) fell 7.6%, its steepest drop since July 2025, after reporting Q3 earnings that beat estimates but left full‑year guidance below consensus. Oil prices eased after Houthi attacks, with Brent crude briefly topping $110 before falling to about $110 and West Texas Intermediate falling to $97.55. The S&P 500 gained 22 points to 7,713, the Dow rose 458 points to…
Why it matters
The health‑care rally shows defensive strength amid broader market volatility, while GM’s slide highlights concerns over its earnings outlook and guidance. Oil price swings influence risk sentiment and can lift or drag equities. The mixed index performance reflects a cautious market that is still sensitive to…
Short-term and longer-term
Short-term. For the next day, watch GM’s stock for a potential rebound if it revises guidance upward or if earnings season improves.
Longer-term. Over the coming months, the health‑care sector’s record highs suggest a durable defensive tilt, especially if earnings from large insurers continue to beat expectations.