01:16 PM EDT, 09/03/2025 (MT Newswires) -- Health care stocks declined Wednesday afternoon, with the NYSE Health Care Index down 0.4% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.9%.

The iShares Biotechnology ETF (IBB) were easing 0.3%.

In corporate news, Xencor ( XNCR ) shares were falling 4.2% after BofA Securities downgraded the stock to neutral from buy.