01:08 PM EDT, 09/02/2025 (MT Newswires) -- Health care stocks declined Tuesday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each decreasing 0.3%.

The iShares Biotechnology ETF (IBB) rose 0.9%.

In corporate news, Amgen ( AMGN ) shares were down 0.9% after the company said Tuesday that it will invest over $600 million in a new science and innovation center at its headquarters in Thousand Oaks, California.