01:36 PM EDT, 09/04/2024 (MT Newswires) -- Health care stocks were declining Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each down 0.6%.

The iShares Biotechnology ETF (IBB) eased 0.2%.

In corporate news, Johnson & Johnson ( JNJ ) was ordered to pay over $1 billion in damages for breaching its pledge to prioritize two surgical robots it acquired when it purchased Auris Health. Its shares were falling 0.6%.