01:31 PM EDT, 10/02/2024 (MT Newswires) -- Health care stocks were decreasing Wednesday afternoon, with the NYSE Health Care Index down 0.3% and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.2%.

In corporate news, Humana (HUM) shares tumbled nearly 12% after Leerink Partners and Stephens downgraded the stock following the company's disclosure about declining enrollment in top-rated Medicare Advantage plans.