03:36 PM EDT, 03/28/2024 (MT Newswires) -- Health care stocks were rising late Thursday afternoon, with the NYSE Health Care Index up 0.4% and the Health Care Select Sector SPDR Fund (XLV) adding 0.3%.

The iShares Biotechnology ETF (IBB) decreased 0.1%.

In corporate news, Kodiak Sciences ( KOD ) shares tumbled nearly 30% after the company reported a wider-than-expected Q4 loss.