01:05 PM EDT, 07/02/2025 (MT Newswires) -- Health care stocks fell Wednesday afternoon, with the NYSE Health Care Index shedding 0.9% and the Health Care Select Sector SPDR Fund (XLV) down 0.8%.

The iShares Biotechnology ETF (IBB) was rising 1.2%.

In corporate news, Centene's ( CNC ) shares sank over 39% after the company withdrew its full-year earnings outlook, citing lower-than-expected revenue from most states where it provides health insurance marketplace plans.