Midday Movers: LEN, KBH, PHM & More

Market Insider | What's Shaking | Stocks to Watch

Take a look at some of Thursday's midday movers:

Midday selloff in stocks coincided with a rally in bonds and a selloff in the U.S. dollar.

But homebuilders stood out, gaining ground as the overall stock market moved lower. Lennar, KB Home and PulteGroup were three housing stocks in the green.

Apple traded down almost 2 percent ahead of its Worldwide Developers Conference next Monday.

Hologic rallied after the company announced a strategic alliance with Quest Diagnostics. The alliance will focus on women's health issues including plans to co-develop and promote advanced diagnostic solutions.

Ciena rallied to its 52-week high after the company posted an unexpected quarterly profit. Shares of its competitor, Cisco Systems also rallied to a new 52-week high before moving lower along with the broader market.

Yum Brands traded higher on above-average volume after a report that an analyst made positive comments about the fast-food chain's KFC May sales in China.

Netflix traded lower as the company's 10-day moving average moved below the 30-day moving average.

Chevron, United Technologies and IBM were among the biggest Dow laggards. Meanwhile, Home Depot and Verizon added some points to the blue-chip index.

—By CNBC's Lori Spechler

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