03:44 PM EDT, 07/01/2024 (MT Newswires) -- Health care stocks fell late Monday afternoon with the NYSE Health Care Index dropping 0.5% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.6%.

The iShares Biotechnology ETF (IBB) eased 0.2%.

In corporate news, Sebastian James, the managing director of Walgreens Boots Alliance's ( WBA ) Boots subsidiary, is stepping down after Walgreens failed to engineer a sale of the company, Reuters reported. Walgreens shares declined 3.6%.