Major Movers
Published
SPY is down 0.3% in a session with a clear split between commodity-linked cyclicals and rate-sensitive groups. Energy (+1.5%) is the lone sector gainer, led by Devon Energy (+3.1%) and Magnolia Oil & Gas (+3.0%). Utilities (-1.3%), Materials (-0.9%) and Consumer Discretionary (-1.0%) lag, with Expedia (-6.3%) and Royal Caribbean (-4.8%) the weakest in that group. Technology (-0.4%), Real Estate (-0.6%) and Consumer Staples (-0.3%) are softer, while Financials and Industrials are roughly flat.
Factors show High Beta (-1.0%) and the Dividend ETF (-1.0%) underperforming, with Momentum (-0.7%) also weak; equal-weight (-0.4%) is lagging the broad index.
Within mega-cap growth, Meta Platforms (+3.5%) and ServiceNow (+2.3%) stand out to the upside, while Booking Holdings (-4.2%) and KLA Corp (-2.8%) are the weakest.
Elsewhere, semiconductor and housing-linked ETFs are broadly soft: the Semiconductor ETF is down 1.6%, Homebuilders ETFs are down 1.6-1.7%, and the Airlines ETF is off 1.9%.
Among individual names, Palantir Technologies and Veeva Systems lead gainers, while Voyager Technologies is sharply lower alongside Applovin, Paychex, Trade Desk and GoDaddy.
- Palantir Technologies +4.1%
- Veeva Systems +3.9%
- Workday +2.4%
- Viasat +1.9%
- LyondellBasell +1.8%
- GoDaddy -4.0%
- Trade Desk -4.1%
- Paychex -5.2%
- Applovin -6.0%
- Voyager Technologies -11.6%
In regional and commodity markets, the iShares MSCI South Korea ETF is down 2.5%, the iShares MSCI Poland ETF is down 2.2%, and the Uranium ETF is down 3.2%. Metals miners are under pressure, with the VanEck Junior Gold Miners ETF down 5.2%, VanEck Gold Miners down 4.5%, Global X Silver Miners down 4.3% and the Silver ETF down 3.9%, while crude oil ETFs are higher, with the Brent Oil ETF up 2.8% and the Crude Oil ETF up 2.4%.