01:56 PM EDT, 10/23/2024 (MT Newswires) -- Health care stocks fell Wednesday afternoon, with the NYSE Health Care Index shedding 0.7% and the Health Care Select Sector SPDR Fund (XLV) down 0.8%.

The iShares Biotechnology ETF (IBB) declined 1.4%.

In corporate news, Lumos Pharma ( LUMO ) shares jumped 7.2% after the company agreed to be acquired by a unit of Double Point Ventures.

Fortrea ( FTRE ) shares popped 2.5% after media reports said that activist investor Corvex Management acquired a stake in the contract research firm.

Boston Scientific ( BSX ) raised its 2024 guidance on Wednesday after logging stronger-than-expected growth in Q3 results. Its shares were falling 1.2%.