Major Movers
Published
The S&P 500 ETF falls 0.6% as Treasury yields surge, with the 10-year note hitting 5.081%, its highest since 2007, and the 30-year touching 5.367%. Energy is the only sector in the green, with Energy Select up 1.1% after reports the White House is preparing a 90-day diesel export ban, though Valero Energy falls 1.8% and Marathon Petroleum drops to a session low on the news. Industrials Select adds 0.3%, while Financials, Materials and Consumer Staples are roughly flat. Technology Select slips 0.5%, dragged by SolarEdge down 6.8% and Corning down 3.2%. Health Care Select falls 0.8%, with Ionis Pharma off 4.8%. Real Estate and Utilities lead sector losses, down 1.1% and 1.4%, tracking the rise in yields, with SL Green down 4.3%. Consumer Discretionary Select falls 1.3%, with Expedia down 6.6%, Airbnb down 5.8%, McDonald's down 5.3% after guiding to roughly 4.5% net new unit growth in 2027, and Booking Holdings down 4.6%.
Growth and momentum lag value, with S&P 500 Growth and S&P 500 Momentum each down 1.0% versus a 0.4% drop in S&P 500 Value, and small caps underperform as the Russell 2000 Growth ETF falls 2.1%.
Within mega-cap growth, Alphabet is weakest, with Class A shares down 3.5% and Class C down 3.4%, while Broadcom falls 2.5% and Amazon falls 2.3%. Salesforce and ServiceNow outperform, up 2.7% and 2.5%.
Among other sector ETFs, the Pharma ETF falls 3.7%, the Biotech ETF falls 3.9%, the Uranium ETF drops 3.4% and the Airlines ETF falls 2.3%.
Security and enterprise software names lead individual gainers, while space and consumer-software names are among the weakest.
- CrowdStrike Holdings +4.1%
- Veeva Systems +3.7%
- Palantir Technologies +3.5%
- Palo Alto Networks +3.2%
- Science Applications International +2.7%
- Trade Desk -4.2%
- Redwire Space -4.7%
- Applovin -5.6%
- Paychex -7.2%
- Voyager Technologies -20.1%