04:01 PM EST, 12/06/2024 (MT Newswires) -- Health care stocks fell late Friday afternoon with the NYSE Health Care Index down 0.4% and the Health Care Select Sector SPDR Fund (XLV) shedding 0.6%.

The iShares Biotechnology ETF (IBB) rose 1%.

In corporate news, Cooper's (COO) shares slumped over 4%, a day after the company issued fiscal 2025 guidance that trailed market expectations.

ADC Therapeutics ( ADCT ) shares surged 64%. The company said Friday it will host a conference call on Dec. 11 to provide an update on preliminary data from a phase 1b trial assessing the safety and efficacy of Zynlonta plus glofitamab in people with relapsed or refractory diffuse large B-cell lymphoma.

UnitedHealth's ( UNH ) insurance unit was ordered by a US judge to again reconsider its previously denied coverage claim for a teenager's $175,000 mental health and substance abuse treatments, saying the latest denial had no legal basis, according to a court document. UnitedHealth ( UNH ) shares fell 5%.

UnitedHealth ( UNH ) and CVS Health ( CVS ) removed executive photos from their websites after UnitedHealthcare Chief Executive Officer Brian Thompson was killed in a targeted attack in Manhattan on Wednesday, Reuters reported. CVS shares were down 2.7%.