01:40 PM EDT, 10/17/2024 (MT Newswires) -- Health care stocks fell Thursday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding 0.4%.

The iShares Biotechnology ETF (IBB) eased 0.1%.

In corporate news, Elevance Health ( ELV ) slashed its full-year earnings outlook as the insurer's Q3 profit missed expectations amid challenges in the Medicaid business. The shares slumped 12%.