03:38 PM EDT, 04/01/2024 (MT Newswires) -- Health care stocks dropped late Monday afternoon with the NYSE Health Care Index falling 1% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.8%.

The iShares Biotechnology ETF (IBB) fell 0.5%.

In corporate news, AEON Biopharma ( AEON ) shares tumbled 39%. On Friday, the company reported a Q4 net loss of $0.71 per diluted share, compared with a loss of $0.25 a year earlier. One analyst polled by Capital IQ expected a loss of $0.40 normalized.