01:38 PM EDT, 08/20/2024 (MT Newswires) -- Health care stocks were advancing Tuesday afternoon, with the NYSE Health Care Index rising 0.4% and the Health Care Select Sector SPDR Fund (XLV) up 0.3%.

The iShares Biotechnology ETF (IBB) shed 0.4%.

In corporate news, Johnson & Johnson ( JNJ ) shares added 0.4%. The company agreed to buy heart technology firm V-Wave for up to $1.7 billion, strengthening the health care products conglomerate's cardiovascular position.