03:33 PM EDT, 10/29/2024 (MT Newswires) -- Health care stocks were edging lower late Tuesday afternoon, with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.4%.

In corporate news, Hoth Therapeutics ( HOTH ) shares jumped 12% after the company said preliminary results of a preclinical study suggested that its HT-KIT drug inhibits and stabilizes tumor growth.