03:55 PM EDT, 10/29/2024 (MT Newswires) -- Health care stocks were edging lower late Tuesday afternoon, with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund (XLV) easing 0.1%.

The iShares Biotechnology ETF (IBB) shed 0.4%.

In corporate news, Hoth Therapeutics ( HOTH ) shares jumped 10% after the company said preliminary results of a preclinical study suggested that its HT-KIT drug inhibits and stabilizes tumor growth.

Coya Therapeutics ( COYA ) shares sank 28% after the company reported results from its phase 2 trial of LD IL-2 in people with mild to moderate Alzheimer's Disease.

Tenet Healthcare ( THC ) shares surged 16% after the company posted better-than-expected Q3 results and raised its full-year earnings guidance.

Pfizer ( PFE ) lifted its full-year outlook on Tuesday, driven by higher expectations for sales of its COVID-19 drugs, as it swung to higher-than-expected earnings in Q3 and revenue jumped 31%. Its shares still were down 1.4%.