01:38 PM EDT, 05/22/2025 (MT Newswires) -- Health care stocks declined Thursday afternoon, with the NYSE Health Care Index down 0.7% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%.

The iShares Biotechnology ETF (IBB) was fractionally lower.

In corporate news, Ginkgo Bioworks ( DNA ) shares were falling past 7%. The company said Wednesday that Chief Financial Officer Mark Dmytruk will resign May 30 to accept another opportunity.