01:50 PM EDT, 08/06/2024 (MT Newswires) -- Health care stocks were higher Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each rising about 1.4%.

The iShares Biotechnology ETF (IBB) advanced 1.3%.

In corporate news, TG Therapeutics ( TGTX ) shares surged 23%. The company reported Q2 net income of $0.04 per share, compared with a loss of $0.34 a year earlier. Analysts polled by Capital IQ expected a loss of $0.05.