Major Movers
SPY falls 2.0% in a broad tech-led selloff. XLK is the worst sector at -5.6%, dragged by Intel's 30.7% collapse, which newswires describe as its sharpest one-day drop on record, alongside AMD -11.7% and Qualcomm -12.0%. XLF slips 0.7% as Coinbase -13.8% and Robinhood -9.6% weigh, even as Cboe Global Markets jumps 7.8%. XLY is off 0.8%. XLI falls 1.4%, with Eaton and Vertiv both down 6.2%. XLV gains 1.0%, led by Regeneron's 11.2% surge. XLP rises 1.7% broadly. XLB is roughly flat as FMC Corp spikes 24.4%. XLE adds 1.4% and XLU and XLRE are both modestly higher.
Factors confirm the growth unwind: SPHB -5.9%, MTUM -5.3%, SPYG -3.0%, while SPYV holds near flat at -0.7%.
Within mega-cap growth, Regeneron and Accenture (+4.7%) lead, while Qualcomm, AMD, Applied Materials -8.3%, Lam Research -7.4% and Nvidia -5.0% weigh heavily.
Semiconductor ETFs are the steepest decliners outside single names: SOXX -9.6%, SMH -7.9% and XSD -7.7%. Gold and silver miner ETFs also slide as spot gold and silver fall, per the newsfeed.
Reddit extends what the newsfeed calls a record intraday decline, while Global Payments jumps after a reported rally; the rest of the gainer and loser lists move without a cited catalyst.
- FedEx Freight +16.3%
- Global Payments +10.3% - jumping on reported move
- Veralto +9.5%
- GoDaddy +8.6%
- T-Mobile US +7.1%
- Dell Technologies -12.6%
- Coherent Corp -13.1%
- Astera Labs -13.2%
- Sandisk -14.9%
- Reddit -30.1% - extends record intraday decline
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