01:35 PM EST, 11/04/2024 (MT Newswires) -- Health care stocks were declining Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.5%.

The iShares Biotechnology ETF (IBB) rose 0.4%.

In corporate news, BioNTech (BNTX) said Monday that it expects full-year revenue at the low end of its guidance due in part to inventory write-downs, even as variant-adapted COVID-19 vaccines helped the company advance Q3 results year-over-year. Its shares were falling 1.3%.