03:31 PM EST, 01/22/2025 (MT Newswires) -- Health care stocks eased late Wednesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each decreasing 0.2%.

The iShares Biotechnology ETF (IBB) was up 0.1%.

In corporate news, ALX Oncology ( ALXO ) shares jumped past 8%. The company said Wednesday it has appointed Harish Shantharam as chief financial officer to succeed Shelly Pinto.