03:33 PM EST, 11/14/2024 (MT Newswires) -- Health care stocks were declining late Thursday afternoon, with the NYSE Health Care Index falling 1.2% and the Health Care Select Sector SPDR Fund (XLV) sliding 1.1%.

The iShares Biotechnology ETF (IBB) dropped 1.6%.

In corporate news, Hims & Hers Health ( HIMS ) shares tumbled 23% after BofA Securities downgraded the company's stock to underperform from buy.