Consumer stocks were lower late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) dropping 1.8%.
In corporate news, the United Auto Workers has called a strike at a Michigan factory owned by Dauch (DCH), a supplier of axles and driveline components for General Motors (GM) pickup trucks. GM shares were down 0.2%, and Dauch fell 5%.
Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.3%.The Philadelphia Housing Index was down 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.4%.Bitcoin (BTC-USD) was declining 3% to $71,366, and the yield for 10-year US Treasuries rose 2.2 basis points to 4.475%.In corporate news, BlackRock (BLK) has launched a $25 million request for proposals under its $100 million Future Builders initiative to support the skilled trades workforce in the US, the company said. BlackRock shares were down 2.9%.
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.
Tech stocks were mixed late Monday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 1.7%.The Philadelphia Semiconductor index rose 1.2%.In corporate news, Apple (AAPL) is planning a new service that will let iPhone users split joint bills, expanding its push into everyday financial tools, Bloomberg reported. Apple shares fell 1.4%.