01:34 PM EDT, 07/24/2024 (MT Newswires) -- Health care stocks were rising Wednesday afternoon, with the NYSE Health Care Index up 0.7% and the Health Care Select Sector SPDR Fund (XLV) adding 0.8% recently.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, Thermo Fisher Scientific ( TMO ) shares climbed 3%. The company increased its full-year earnings outlook on Wednesday as its Q2 results beat market expectations.