03:35 PM EDT, 04/16/2024 (MT Newswires) -- Health care stocks were advancing late Tuesday afternoon, with the NYSE Health Care Index adding 0.3% and the Health Care Select Sector SPDR Fund (XLV) up 0.4%.

The iShares Biotechnology ETF (IBB) fell 0.5%.

In corporate news, Pacific Biosciences of California ( PACB ) shares plunged 48% after it said Tuesday it expected to book $38.8 million in Q1 revenue, flat year over year. Three analysts polled by S&P Capital IQ expect $49.8 million.