01:36 PM EDT, 10/01/2024 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index down 0.8% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.7%.

The iShares Biotechnology ETF (IBB) fell 1.3%.

In corporate news, CVS Health ( CVS ) is considering breaking up the company into separate retail pharmacy and insurance units under pressure from investors, Reuters reported. CVS shares were falling 3.2%.