03:33 PM EDT, 05/09/2024 (MT Newswires) -- Health care stocks rose late Thursday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each gaining 0.8%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, RAPT Therapeutics ( RAPT ) shares plunged 40% after the company reported a wider loss in Q1 and closed its trials of zelnecirnon in atopic dermatitis and asthma.