01:40 PM EDT, 07/29/2024 (MT Newswires) -- Health care stocks were higher Monday afternoon, with the NYSE Health Care Index rising 0.2% and the Health Care Select Sector SPDR Fund (XLV) up 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.6%.

In corporate news, Philips (PHG) shares jumped past 13% after the company reported higher adjusted earnings in Q2 and maintained its full-year comparable sales outlook.