03:34 PM EDT, 09/25/2024 (MT Newswires) -- Health care stocks were falling late Wednesday afternoon with the NYSE Health Care Index down 0.6% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.9%.

The iShares Biotechnology ETF (IBB) fell 1.5%.

In corporate news, Masimo ( MASI ) said Wednesday that Michelle Brennan has been named as interim chief executive, replacing Joe Kiani, who has resigned. Masimo ( MASI ) also reiterated its Q3 non-GAAP earnings guidance of $0.81 to $0.86 per diluted share on revenue of $495 million to $515 million. Its shares jumped 5.6%.