01:41 PM EDT, 04/04/2025 (MT Newswires) -- Health care stocks tumbled Friday afternoon, with the NYSE Health Care Index falling 4.8% and the Health Care Select Sector SPDR Fund (XLV) dropping 3.8%.

The iShares Biotechnology ETF (IBB) fell 4.1%.

In corporate news, GE HealthCare Technologies ( GEHC ) fell past 12% after China restricted exports of a rare earth metal used in MRI scans as part of its retaliation against the Trump administration's latest tariffs.