03:26 PM EST, 12/12/2024 (MT Newswires) -- Health care stocks declined late Thursday afternoon with the NYSE Health Care Index falling 1% and the Health Care Select Sector SPDR Fund (XLV) down 0.8%.

The iShares Biotechnology ETF (IBB) dropped 1.7%.

In corporate news, Grifols' ( GRFS ) 1.3 billion euro ($1.36 billion) offering of 7.125% notes due 2030 includes a clause allowing Brookfield Asset Management (BAM) to redeem the debt at an earlier date, Bloomberg reported. Grifols ( GRFS ) shares fell 1%, and Brookfield shed 2.3%.