U.S. shares fell for a second straight session today, weighed down by the latest setback in bailout talks between Greece and its European creditors. The S&P 500 (INDEXSP:.INX) slipped 0.5 percent to 2,084.67. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) slipped 0.6 percent to 17,789.57. The tech-heavy Nasdaq 100 (INDEXNASDAQ:NDX) fell 0.5% to 5,024.20. Most followed shares included United Technologies, Boeing, Standard Pacific, Nike, American Apparel, CVS Health, Target, Alibaba, Twitter, iDreamSky Technology, Bluebird Bio.
In industrial shares, United Technologies (NYSE:UTX) fell 2.2 percent to $115.03 after the company said it plans to sell or spin off helicopter maker Sikorsky Aircraft by the end of the third quarter this year after a strategic review of the business.
Boeing (NYSE:BA) skidded 0.3 percent to $142.33. Boeing said it is in talks with potential buyers for its five remaining C-17 cargo planes. Boeing expects to sign deals before the fourth quarter.
In consumer shares, Standard Pacific (NYSE:SPF) rose 5.8 percent to $8.85 after the Irvine, California-based company and Ryland Group said they would merge to become the fourth-largest homebuilder in the United States. Ryland (NYSE:RYL) rose 5.5 percent to $45.15.
Nike (NYSE:NKE) fell 0.4 percent to $103.42 after the Wall Street Journal reported that U.S. authorities are examining payments made by the company under a 1996 soccer sponsorship deal with Brazil for possible evidence of wrongdoing by the company or others.
American Apparel (NYSEMKT:APP) retreated 1.4 percent to $0.540 after saying that David Danziger, an auditor who had sat on the retailer’s board since 2011, resigned and has been replaced by chief executive officer Paula Schneider.
Drugstore chain CVS Health (NYSE:CVS) added 0.9 percent to $103.07 after the pharmacy company said it plans to buy the pharmacy and clinic businesses of Target (NYSE:TGT) for $1.9 billion. Target rose 1.3 percent to $80.53.
In technology stocks, Alibaba Group (NYSE:BABA) fell 0.3 percent to $86.32 after the technology company said it will launch an online video streaming service in China in about two months, hoping to emulate the U.S.'s Netflix (NASDAQ:NFLX) and HBO. Netflix fell 2 percent to $647.68.
Twitter (NYSE:TWTR) fell 2.8 percent to $34.88. Prince Alwaleed bin Talal, a major investor in Twitter, issued a statement to CNBC saying he would support chairman Jack Dorsey—soon to become interim CEO—if he wanted to take the job on a permanent basis. Earlier, the Financial Times had reported the prince was against the idea of Dorsey being the permanent CEO.
Game publisher iDreamSky Technology (NASDAQ:DSKY) slumped 11 percent to $12.99 after saying said its chairman and chief executive offered to take the company private for $14 per American depositary receipt, less than a year after the company went public.
In health-care stocks, Bluebird Bio (NASDAQ:BLUE) climbed 0.3 percent to $180.71 after saying it saw positive results in the first patient infused with its experimental drug for severe sickle cell disease.