01:40 PM EDT, 07/05/2024 (MT Newswires) -- Health care stocks were rising Friday afternoon, with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) up 0.4%.

The iShares Biotechnology ETF (IBB) advanced 0.4%.

In corporate news, Enhabit's ( EHAB ) board faces a proxy fight from shareholder Arex Capital Management, which said Friday in a letter to investors that the company's strategies "are not working." Enhabit ( EHAB ) shares fell about 3%.