01:45 PM EST, 01/23/2025 (MT Newswires) -- Health care stocks were higher Thursday afternoon, with the NYSE Health Care Index rising 1.1% and the Health Care Select Sector SPDR Fund (XLV) adding 1%.

The iShares Biotechnology ETF (IBB) rose 0.8%.

In corporate news, Elevance Health ( ELV ) reported better-than-expected Q4 results on Thursday, with the health insurer anticipating year-over-year growth for its 2025 earnings and revenue. Its shares gained 2.2%.