01:45 PM EDT, 05/07/2025 (MT Newswires) -- Health care stocks gained Wednesday afternoon, with the NYSE Health Care Index rising 1.1% and the Health Care Select Sector SPDR Fund (XLV) up 0.8%.

The iShares Biotechnology ETF (IBB) added 0.8%.

In corporate news, Novo Nordisk's ( NVO ) Q1 results topped Wall Street's projections, while the Danish drugmaker tempered its 2025 sales outlook as competition from compounded obesity and diabetes drugs in the US impacted the early part of the year. Novo shares rose 1.4%.