01:34 PM EDT, 04/22/2024 (MT Newswires) -- Health care stocks rose Monday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.8%.

The iShares Biotechnology ETF (IBB) climbed 1.5%.

In corporate news, Cardinal Health ( CAH ) said it will not renew its pharmaceutical distribution contracts with OptumRx, which will expire at the end of June. Cardinal shares tumbled 5.1%, the biggest drop on the S&P 500.