01:12 PM EDT, 06/03/2026 (MT Newswires) -- Healthcare stocks rose Wednesday afternoon, with the NYSE Healthcare Index increasing 0.7% and the State Street Health Care Select Sector SPDR ETF (XLV) adding 1%.

The iShares Biotechnology ETF (IBB) advanced 1.4%.

In corporate news, Medtronic ( MDT ) reported better-than-expected fiscal Q4 results on Wednesday, while the medical-device maker projected earnings and organic revenue growth for the current year. Its shares gained 5%.