03:36 PM EDT, 07/31/2024 (MT Newswires) -- Health care stocks were down late Wednesday afternoon, with the NYSE Health Care Index falling 0.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.3%.

The iShares Biotechnology ETF (IBB) rose 0.4%.

In corporate news, IMUNON ( IMNN ) shares plunged nearly 60% after it said Wednesday that it's selling 5 million shares and warrants for buying up to 5 million shares at $2 per share and accompanying warrant.