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Sector Update: Healthcare

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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.

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