03:35 PM EDT, 07/24/2024 (MT Newswires) -- Health care stocks were rising late Wednesday afternoon, with the NYSE Health Care Index adding 0.6% and the Health Care Select Sector SPDR Fund (XLV) up 0.9%.

The iShares Biotechnology ETF (IBB) advanced 0.4%.

In corporate news, Bausch Health ( BHC ) said Wednesday that it's not considering a bankruptcy or insolvency proceeding as claimed in a news article by Reorg. Bausch Health ( BHC ) shares were falling past 23%.