Major Movers
Published
The S&P 500 ETF is little changed at -0.1%, masking wide sector dispersion. Energy leads at +1.4% as the Strait of Hormuz remains disrupted, with Iran's Revolutionary Guard reporting a third tanker hit Monday and OPEC+ flagging record shipping and insurance costs. Financials add 0.7%, with regional banks firm. Technology is the weakest sector at -1.4%, dragged by semiconductors and storage names, with Corning the sector's worst performer at -6.7%. Consumer Discretionary is down 0.5%, with Chipotle the clear laggard at -5.1% after declining to comment on market rumors.
Factors show a defensive tilt: High Beta is the weakest at -2.0%, Momentum and mid-cap growth factors also lag, while Value and Dividend Aristocrats hold up near flat to positive.
Meta Platforms leads mega-cap growth at +4.1% after Mark Zuckerberg debuted the Muse Wonder AI model and rejected calls to slow AI development, with Medtronic and Accenture also standing out to the upside while Oracle and AMD lag near -3%.
Among other sector ETFs, health equipment and medical device funds are strong alongside oil and gas producers and regional banks, while semiconductor, telecom and software-focused ETFs are the weakest.
Optical and networking names are the sharpest single-stock decliners of the session, while T-Mobile advances on a Raymond James upgrade to Outperform.
- Fair Isaac +7.3%
- AST SpaceMobile +3.7%
- Shopify +3.5%
- GE HealthCare +3.4%
- T-Mobile US +3.0%, on Raymond James upgrade to Outperform
- Credo Technology Group -6.7%
- Fabrinet -7.3%
- Coherent -8.8%
- Ciena -10.0%
- Lumentum Holdings -10.8%
AI-themed funds broadly declined beyond 2%, including ARK Innovation and Cybersecurity ETF. Among regions, South Korea ETF fell 4.0%. In commodities, Crude Oil ETF and Brent Oil ETF each rose more than 2% alongside the Hormuz disruption, while Rare Earth and Strategic Metals ETF fell 4.8%.