01:16 PM EDT, 06/02/2026 (MT Newswires) -- Healthcare stocks declined Tuesday afternoon, with the NYSE Healthcare Index and the State Street Health Care Select Sector SPDR ETF (XLV) each falling 1.1%.

The iShares Biotechnology ETF (IBB) dropped 3.1%.

In corporate news, Abivax ( ABVX ) faces an increasing risk of black box warning for obefazimod due to malignancies reported from a recent trial, Wedbush Securities said in a note. Abivax ( ABVX ) shares fell 44%.