01:25 PM EDT, 07/23/2025 (MT Newswires) -- Health care stocks gained Wednesday afternoon with the NYSE Health Care Index rising 2% and the Health Care Select Sector SPDR Fund (XLV) adding 1.7%.

The iShares Biotechnology ETF (IBB) climbed 1.7%.

In corporate news, Thermo Fisher Scientific ( TMO ) raised its full-year guidance as Q2 results surpassed Wall Street's estimates, and the company named a new chief financial officer. The shares jumped 11%.