03:36 PM EDT, 06/03/2024 (MT Newswires) -- Health care stocks rose late Monday afternoon with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) up 0.7%.

The iShares Biotechnology ETF (IBB) advanced 1.2%.

In corporate news, Caribou Biosciences ( CRBU ) shares tumbled 26% after Evercore ISI downgraded the stock following the company's release of updated data from an early-stage trial of CB-010.