Sector Update: Health Care

Health care stocks were easing Wednesday afternoon, with the NYSE Health Care Index decreasing 0.6% and the Health Care Select Sector SPDR Fund (XLV) down 0.3%.

The iShares Biotechnology ETF (IBB) was edging down 0.2%.

In corporate news, Biogen's BIIB Q1 earnings rose more than expected while revenue slipped below Wall Street's estimates as the drugmaker affirmed its financial guidance. Its shares spiked 3.5%.