01:13 PM EDT, 06/01/2026 (MT Newswires) -- Healthcare stocks declined Monday afternoon, with the NYSE Healthcare Index falling 1.6% and the State Street Health Care Select Sector SPDR ETF (XLV) dropping 1.4%.

The iShares Biotechnology ETF (IBB) shed 1.6%.

In corporate news, Jasper Therapeutics ( JSPR ) shares dropped past 9% after it said Monday that its board has launched a review of strategic alternatives, including a potential sale of assets, licensing deals, collaborations, merger, business combination, sale of the company or an orderly wind-down of operations.