Health Care Plunges 2.5% as Defensive Rotation Accelerates
Health care stocks fell more than any other sector Wednesday as investors rotated out of defensive positions and the 10-year Treasury yield climbed above 4.8%. The XLV ETF dropped 2.52%, leading declines across eight of eleven S&P 500 sectors. Technology and energy eked out gains. This pattern matters because it shows how quickly rate expectations can reshape sector leadership when the yield curve steepens.
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Key Takeaways Health care (XLV) fell 2.52%, the worst performance among all S&P 500 sectors. The 10-…
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