Major Movers
Published
The S&P 500 ETF is down 0.6% as Treasury yields climb, with the 10-year near 5.36%, a level last seen in 2002. Health Care is the lone bright spot among main sectors at +1.0%, led by Gilead Sciences and Amgen, both up 2.4%. Consumer Staples adds 0.5% and Energy is flat at +0.1%. Materials leads decliners at -1.5%, Industrials falls 1.3% with Caterpillar -3.4% and Vertiv -4.1% the weakest names, and Financials drops 1.0%, dragged by Coinbase -3.7%, Robinhood -3.3% and Goldman Sachs -2.9%, the latter now negative for the year. Technology is off 0.8%, with Analog Devices -3.2% and Texas Instruments -3.0% lagging.
Factors show a broad risk-off tilt: High Beta leads declines at -1.6%, Momentum falls 1.0%, while Value holds up best at -0.3%.
Within mega-cap growth, Gilead Sciences, Eli Lilly and AbbVie outperform, while Adobe -4.1%, Analog Devices -3.2% and Lam Research -2.8% weigh on the group.
Semiconductor and bank ETFs are broadly weaker, with the Semiconductor ETF down 2.0%, regional and large bank ETFs each off 1.8%, and homebuilder ETFs down 2.3%. The Metals & Mining ETF falls 2.9% and the Europe Financials ETF drops 3.0%.
Individual movers are mixed outside the sector groups, with no clear common thread.
- Charter Communications +2.3%
- Kroger +1.9%
- DexCom +1.8%
- T-Mobile US +1.8%
- Skyworks Solutions +1.8%
- Strategy Inc -5.3%
- AST SpaceMobile -5.3%
- Allegion -5.6%
- Redwire Space -5.7%
- Astera Labs -5.7%
Gold and silver miner ETFs are sharply lower, with Global X Silver Miners down 4.2% and VanEck Junior Gold Miners down 3.8%, alongside declines in spot gold and silver. The Uranium ETF falls 3.7% and the Europe Financials ETF drops 3.0% amid rising European bond yields, including UK 30-year gilts at their highest since 1998.