01:35 PM EST, 01/31/2025 (MT Newswires) -- Health care stocks were advancing Friday afternoon, with the NYSE Health Care Index adding 0.5% and the Health Care Select Sector SPDR Fund (XLV) up 0.4%.

The iShares Biotechnology ETF (IBB) rose 0.5%.

In corporate news, AbbVie ( ABBV ) reported better-than-expected Q4 results on Friday amid robust sales of Skyrizi and Rinvoq, prompting the drugmaker to lift its long-term combined revenue outlook for the two immunology drugs. Its shares popped 5.6%.