Major Movers
Published
The S&P 500 ETF is little changed in pre-market trading at -0.0%, with sector performance mostly confined to a narrow range.
The Financials Select Sector ETF is off 0.1%, with MetLife leading gainers at +1.2% while Coinbase and Robinhood lag at -1.6% and -1.1%. The Technology Select Sector ETF is down 0.2%, led higher by Salesforce at +1.4% while Seagate and Western Digital sit at the bottom, both down 1.5%. Consumer discretionary names are broadly firmer, led by cruise operators Royal Caribbean and Carnival Corp, both up 1.7%, with Amazon adding 0.7%. The Health Care Select Sector ETF is down 0.1%, with Moderna the weakest constituent at -1.1%. The Industrials Select Sector ETF is down 0.1% and the Real Estate Select Sector ETF is flat. The Consumer Staples Select Sector ETF is up 0.1% on modest broad-based gains. The Materials Select Sector ETF is down 0.4%, with Axalta Coating standing out at +2.6% against CF Industries at the bottom, down 0.8%. The Utilities Select Sector ETF is down 0.1%, with Hawaiian Electric the standout gainer at +1.4%. The Energy Select Sector ETF is the weakest of the main sectors at -0.5%, with Matador Resources the laggard at -1.9%, as oil steadies after a nearly 8% four-day drop, with Brent near $100 and WTI below $96 a barrel amid easing Middle East supply concerns.
Factor performance is mixed and mostly modest, with the iShares Russell Mid-Cap Growth ET