01:32 PM EDT, 10/18/2024 (MT Newswires) -- Health care stocks were higher Friday afternoon, with the NYSE Health Care Index up 0.2% and the Health Care Select Sector SPDR Fund (XLV) rising 0.4%.

The iShares Biotechnology ETF (IBB) increased 0.1%.

In corporate news, CVS Health ( CVS ) shares tumbled nearly 7%. The company said Friday it named David Joyner as its new chief executive, while issuing a preliminary Q3 earnings outlook that came in below Wall Street estimates.