03:36 PM EDT, 08/13/2024 (MT Newswires) -- Health care stocks were advancing late Tuesday afternoon, with the NYSE Health Care Index rising 1.3% and the Health Care Select Sector SPDR Fund (XLV) adding 1.1%.

The iShares Biotechnology ETF (IBB) gained 1.3%.

In corporate news, Ocuphire Pharma ( OCUP ) shares tumbled 19% after it posted a wider quarterly loss and lower revenue.