Major Movers
Published
Pre-market, the S&P 500 ETF is down 0.5%. Technology is the weakest sector at -1.2%, with semiconductor names leading declines, while Energy is the standout gainer at +1.5%, tracking a broad rise in crude. Materials has no ETF reading but shows a wide split, with Freeport-McMoRan and Newmont each down 4.6% against a 2.5% gain for CF Industries. Utilities (+0.5%) and Consumer Staples (+0.4%) are holding up, while Industrials (-0.4%) and Real Estate (-0.4%) are softer.
Growth-oriented factors are under pressure: Mega Cap Growth ETF -1.4%, High Beta ETF -1.2%, Momentum -1.1%, versus flat readings for Min Vol and Dividend Appreciation factors.
Within mega-cap growth, energy names ExxonMobil (+1.7%) and Chevron (+1.5%) lead, while Meta Platforms (-3.1%) and KLA Corp (-3.0%) lag.
Semiconductor-focused ETFs are broadly weak, with SOXX -2.3%, XSD -2.2%, and SMH -1.8%.
Chip and hardware suppliers dominate the loser list, echoing the sector-wide semiconductor weakness, while Trade Desk and Applovin lead gainers.
- TTD +3.4%
- APP +1.9%
- TRGP +1.1%
- WMB +0.9%
- PCG +0.9%
- MPWR -3.2%
- ALAB -3.5%
- SNDK -3.7%
- ARM -3.8%
- CRDO -3.8%
Precious metals ETFs are sharply lower, with GDXJ and SIL both down 5.5% and GLD off 3.3%, as gold falls on expectations of higher for longer Federal Reserve rates and the 10-year yield rises to its highest level since 2007. Oil-linked ETFs move the other way, with USO +3.6% and BNO +3.4%, as crude rises on geopolitical risk and a stockpile decline.