01:39 PM EDT, 05/09/2024 (MT Newswires) -- Health care stocks were gaining Thursday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) were both climbing 0.7%.

The iShares Biotechnology ETF (IBB) rose 0.6%.

In corporate news, Ironwood Pharmaceuticals ( IRWD ) shares sank 17% after the company reported a Q1 non-GAAP loss of $0.02, swinging from earnings of $0.25 a year earlier. Analysts polled by Capital IQ expected earnings of $0.15.