03:26 PM EDT, 10/31/2024 (MT Newswires) -- Health care stocks fell late Thursday afternoon with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.3%.

The iShares Biotechnology ETF (IBB) declined 1.2%.

In corporate news, Madrigal Pharmaceuticals ( MDGL ) shares surged 21%. The company reported a Q3 loss of $4.92 per diluted share versus the loss of $5.34 a year earlier. Analysts polled by Capital IQ expected a loss of $6.92.