03:24 PM EDT, 06/01/2026 (MT Newswires) -- Healthcare stocks declined late Monday afternoon, with the NYSE Healthcare Index falling 1.4% and the State Street Health Care Select Sector SPDR ETF (XLV) dropping 1.1%.

The iShares Biotechnology ETF (IBB) shed 1.4%.

In corporate news, Cardiff Oncology ( CRDF ) shares tumbled 22% after HC Wainwright downgraded the stock to neutral from buy, and TD Cowen downgraded the stock to hold from buy.