03:39 PM EDT, 10/28/2025 (MT Newswires) -- Health care stocks declined late Tuesday afternoon, with the NYSE Health Care Index shedding 1.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.7%.

The iShares Biotechnology ETF (IBB) increased 0.2%.

In corporate news, Philips (PHG) shares fell 5.9% after the US Food and Drug Administration said that the company's ultrasound and medical device plants in the US and the Netherlands were found to be in violation of quality system requirements.