01:38 PM EDT, 08/21/2024 (MT Newswires) -- Health care stocks advanced Wednesday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) bothy up 0.3%.

The iShares Biotechnology ETF (IBB) rose 0.5%.

In corporate news, Grifols ( GRFS ) shares jumped 5.1%. Brookfield Asset Management ( BAM ) is seeking debt financing from banks totaling 9.5 billion euros ($10.6 billion) for a potential deal to take Grifols ( GRFS ) private, Bloomberg reported. Brookfield shares gained 0.4%.