03:26 PM EDT, 05/08/2024 (MT Newswires) -- Health care stocks were slipping late Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each easing 0.3%.

The iShares Biotechnology ETF (IBB) decreased 0.5%.

In corporate news, Masimo ( MASI ) shares were falling 11%, a day after the company reported Q1 non-GAAP net income of $0.77 per diluted share, down from $1.03 a year earlier.