STOCKS | Tech Stocks Fall as Consumer Staples and Health Care Rise Friday

Consumer staples and health care shares rose Friday as technology stocks weakened and the Nasdaq fell more than 2%. According to Sina Finance, State Street's consumer staples ETF (XLP) gained nearly 2%, reaching an intraday record of $90, while several stocks in the sector hit 52-week highs. Altria (MO), a tobacco company, rose more than 2% to a 52-week high of $79. Philip Morris International (PM) gained 1.6% to $214 per share, also a 52-week high. Keurig Dr Pepper (KDP) rose 1.4% to a 52-week high of $36. The health care ETF (XLV) added 1.5% to $187, a 52-week high. Its top holdings Eli Lilly (LLY), Johnson & Johnson (JNJ), Pfizer (PFE), and Gilead Sciences (GILD) all rose Friday and reached 52-week highs. Regeneron Pharmaceuticals (REGN) climbed more than 12% after reporting strong third-quarter results Friday morning.