01:38 PM EDT, 08/01/2024 (MT Newswires) -- Health care stocks advanced Thursday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both up 0.8%.

The iShares Biotechnology ETF (IBB) fell 0.8%.

In corporate news, Moderna ( MRNA ) shares tumbled 21%. The company reported better-than-expected Q2 results but lowered the full-year product sales guidance for its respiratory business amid growing competition in the US and low demand in the EU.