01:33 PM EDT, 10/30/2024 (MT Newswires) -- Health care stocks were lower Wednesday afternoon, with the NYSE Health Care Index shedding 0.7% and the Health Care Select Sector SPDR Fund (XLV) down 0.6%.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Eli Lilly's ( LLY ) Q3 results rose year over year but missed Wall Street expectations while the drugmaker cut its full-year earnings outlook amid acquisition-related charges. Its shares tumbled nearly 9%.