Sector Update: Health Care Stocks Drop Friday Afternoon

, MT Newswires -  2:07 PM ET 4/4/2025 US Markets

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02:07 PM EDT, 04/04/2025 (MT Newswires) -- Health care stocks slumped Friday afternoon, with the NYSE Health Care Index falling 4.2% and the Health Care Select Sector SPDR Fund (XLV) dropping 4.1%.

The iShares Biotechnology ETF (IBB) fell 4.1%.

In corporate news, GE HealthCare Technologies ( GEHC ) fell 12% after China restricted exports of a rare earth metal used in MRI scans as part of its retaliation against the Trump administration's latest tariffs.

Varex Imaging ( VREX ) shares dropped 18% after the company said China's Commerce Ministry announced an anti-dumping investigation into imports of some medical CT X-ray tubes originating in the US and India. Varex said it has yet to receive any formal notice of the probe.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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