03:34 PM EDT, 08/12/2024 (MT Newswires) -- Health care stocks were declining late Monday afternoon, with the NYSE Health Care Index shedding 0.6% and the Health Care Select Sector SPDR Fund (XLV) down 0.4%.

The iShares Biotechnology ETF (IBB) decreased 0.5%.

In corporate news, Fortrea ( FTRE ) shares drooped more than 22% after the company swung to a Q2 adjusted loss amid lower revenue.