03:34 PM EDT, 10/02/2024 (MT Newswires) -- Health care stocks fell late Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both down 0.2%.

The iShares Biotechnology ETF (IBB) eased 0.1%.

In corporate news, Eli Lilly ( LLY ) plans to spend $4.5 billion to open a manufacturing and development center in Lebanon, Indiana, that will support treatments from research stages through their entry into clinical trials. The shares rose 0.6%.