01:23 PM EDT, 07/17/2025 (MT Newswires) -- Health care stocks declined Thursday afternoon, with the NYSE Health Care Index down 1.5% and the Health Care Select Sector SPDR Fund (XLV) falling 1.3%.

The iShares Biotechnology ETF (IBB) rose 0.2%.

In corporate news, Elevance Health ( ELV ) shares fell past 11% after the company cut its 2025 earnings guidance.