Sector Update: Health Care

Health care stocks were mixed Monday afternoon, with the NYSE Health Care Index adding 0.1% and the Health Care Select Sector SPDR Fund (XLV) down 0.2%.

The iShares Biotechnology ETF (IBB) rose 0.7%.

In corporate news, Fortrea FTRE lowered its full-year revenue outlook on Monday as the clinical development and patient access solution provider's Q1 financial results missed market expectations. Its shares tumbled 16%.