03:57 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 5.6% 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.

DexCom ( DXCM ) shares were down 2% after Hunterbrook issued a report about multiple deaths allegedly related to the company's G7 continuous glucose monitor.

UnitedHealth ( UNH ) raised its full-year earnings outlook on Tuesday as its Q3 results surpassed analyst expectations despite higher medical costs and Medicare funding cuts. Its shares rose 0.7%.

Regeneron Pharmaceuticals ( REGN ) shares jumped over 11% after it reported Q3 non-GAAP earnings and revenue that exceeded analysts' expectations.