03:37 PM EDT, 06/05/2024 (MT Newswires) -- Health care stocks were rising late Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each adding 0.4%.

The iShares Biotechnology ETF (IBB) climbed 1.7%.

In corporate news, Rezolute ( RZLT ) shares soared 19.6% as Craig-Hallum started coverage of the biopharmaceutical company with a buy rating and a $14 price target.