01:08 PM EDT, 05/19/2025 (MT Newswires) -- Health care stocks rose Monday afternoon, with the NYSE Health Care Index up 0.7% and the Health Care Select Sector SPDR Fund (XLV) adding 0.7%.

The iShares Biotechnology ETF (IBB) increased 0.7%.

In corporate news, Novavax ( NVAX ) shares jumped past 20%. The company said Monday it received approval from the US Food and Drug Administration for its Nuvaxovid COVID-19 vaccine in adults 65 years and older, and individuals 12 through 64 years with at least one underlying condition.