IYH is trading 3% up today as investors rotate toward defensive, non-tech sectors following recent pressure in technology and AI-related names.
- A volatile broader tape and Nasdaq underperformance are encouraging capital flows into healthcare as a relative safe haven.
- Sector sentiment is bolstered by Merck KGaA’s $11.3 billion cash acquisition of Bio-Techne and expectations for a broader pickup in healthcare M&A through mid-2026, which supports valuations.