SPY is up 0.6%, with sector performance split sharply along growth versus defensive lines.

Technology (XLK) leads at +1.5%, with Oracle, AMD and Texas Instruments among the strongest names and chip equipment makers broadly higher; semis gains follow a report that Anthropic's Claude is cutting chip design time versus estimates at firms including Nvidia and AMD. Industrials (XLI) gains 1.2% behind Eaton and Quanta Services. Consumer Staples (XLP) and Materials (XLB) each drop 1.6%, with Sysco and DuPont standing furthest from the rest of their groups. Consumer Discretionary (XLY) is off 0.6% even as Amazon gains, dragged by homebuilders.

Among factors, High Beta leads at +1.9% and Momentum and Growth factors are firmly positive, while Value and the Dividend factor are negative.

In the mega-cap growth cohort, Oracle (+6.4%) and AMD (+5.3%) stand out on the upside, while Vertex Pharma (-3.2%) and Home Depot (-2.7%) lag.

Semiconductor ETFs are the strongest grouping outside the main sectors, with the Semiconductor ETF up 4.0% and the VanEck Semiconductor ETF up 2.3%, alongside gains in biotech and defense funds.

Single-stock moves are dominated by large double-digit swings with no clear shared theme.

• Fabrinet +16.6%
• Fiserv +13.6%
• Revvity +10.5%
• Talen Energy +8.1%
• Fox Corporation +8.0%
• Thomson Reuters -7.3%
• Builders FirstSource -6.4%
• Archer Daniels Midland -5.9%
• Shopify -5.7%
• Leidos -4.4%

Thematic funds tied to AI and clean energy are also higher, with the VanEck Space ETF up 3.6% and the Solar Energy ETF up 2.9%. Regionally, the iShares MSCI South Korea ETF gains 2.2% while the iShares MSCI Taiwan ETF falls 2.2% and the iShares MSCI Indonesia ETF drops 3.4%.

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