03:26 PM EST, 02/05/2025 (MT Newswires) -- Health care stocks were higher late Wednesday afternoon, with the NYSE Health Care Index rising 1.1% and the Health Care Select Sector SPDR Fund (XLV) up 1%.

The iShares Biotechnology ETF (IBB) climbed 2.5%.

In corporate news, GeneDx ( WGS ) shares fell nearly 6% following a Grizzly Research report alleging that the company is inflating its revenue through illegal billing practices.