03:22 PM EDT, 09/12/2025 (MT Newswires) -- Health care stocks declined late Friday afternoon with the NYSE Health Care Index falling 0.7% and the Health Care Select Sector SPDR Fund (XLV) dropping 0.8%.

The iShares Biotechnology ETF (IBB) fell 1.6%.

In corporate news, Novartis ( NVS ) shares dropped 3% after Goldman Sachs downgraded the stock to sell from neutral and trimmed its price target to $118 from $119.