01:39 PM EDT, 05/13/2025 (MT Newswires) -- Health care stocks were lower Tuesday afternoon, with the NYSE Health Care Index falling 2.6% and the Health Care Select Sector SPDR Fund (XLV) dropping 2.3%.

The iShares Biotechnology ETF (IBB) shed 1.5%.

In corporate news, UnitedHealth ( UNH ) suspended its full-year outlook on Tuesday amid higher-than-expected medical costs, while Andrew Witty stepped down as chief executive due to "personal reasons." UnitedHealth ( UNH ) shares fell more than 15%.