Major Movers
Published
SPY is roughly flat in pre-market trading, up 0.1%, while sector performance is mixed. Financials (XLF) lead at +0.7%, with MSCI Inc up 2.1% and Morgan Stanley up 1.5% pacing the group. Materials (XLB) are up 1.1% and Health Care (XLV) up 0.7%, led by UnitedHealth at +2.1%. Technology (XLK) is the weak spot, down 0.5%, dragged by memory and chip names including Western Digital (-4.2%), SK hynix (-4.8%) and Micron Technology (-2.8%).
Factor performance is mixed: XMMO (Invesco S&P MidCap Momentum) jumps 2.0%, while MTUM (iShares Momentum) and VUG (Vanguard Growth) fall 0.7% and 0.4% respectively.
Within mega-caps, UnitedHealth and Visa stand out on the upside while Applied Materials (-1.6%), KLA Corp (-1.3%) and Lam Research (-1.4%) lag.
Semiconductor-focused ETFs are broadly weaker, with SOXX down 1.3%, SMH down 1.2% and XSD down 1.1%, while Health Care-linked ETFs VHT (+1.8%) and IHI (+1.6%) outperform.
Individual movers are led by chip and storage names on the downside, consistent with the broader semiconductor weakness seen across sector lists.
- Nordson Corporation +3.5%
- Strategy Inc +1.6%
- United Airlines Holdings +1.1% - after raising domestic fares across more than 2 million listings
- Coca-Cola Europacific Partners +1.0%
- Truist Financial +1.0%
- Sandisk Corporation -3.7%
- AST SpaceMobile -3.5%
- Marvell Technology -2.3%
- Arm Holdings -2.2%
- Nebius Group -2.2%
WisdomTree Cloud Computing Fund is up 2.8%, while iShares MSCI South Korea ETF is down 3.3%.