Major Movers
Published
SPY is flat. Energy (XLE) leads sectors at +1.1%, with Valero Energy (+2.9%), Marathon Petroleum (+2.6%) and Phillips 66 (+2.3%) out front. Health Care (XLV) is the weakest major sector at -0.9%, dragged by Johnson & Johnson (-4.1%), while Molina Healthcare (+2.6%) stands out to the upside in that group. Industrials (XLI) and Utilities (XLU) are down 0.6% and 0.5%. Technology (XLK) is off 0.4%, led higher by Cognizant (+4.5%), Salesforce (+3.8%) and HP Inc (+3.3%), while storage and chip names including Western Digital (-5.8%), Seagate (-5.7%) and Micron Technology (-4.5%) weigh on the group. Financials (XLF) is little changed at +0.1%; JPMorgan Chase and Goldman Sachs both reported higher profit as earnings season opened, with Goldman up 1.4%, while Wells Fargo (-2.1%) and Blackstone (-2.9%) lag the sector.
Momentum is soft across factors: the S&P 500 Momentum factor is down 1.0% and High Beta ETF is down 0.9%, while value factors are roughly flat.
Within mega-cap growth, Meta Platforms (+2.2%) is the clearest standout to the upside.
Semiconductor ETFs are broadly weaker, with the iShares Semiconductor ETF down 1.7%, the VanEck Semiconductor ETF down 1.5% and the Semiconductor ETF (XSD) down 1.2%, alongside biotech weakness in XBI (-1.9%) and IBB (-0.9%).
Outside the main sectors, data-infrastructure and connectivity names are the clearest losers of the session, led by a steep drop in AST SpaceMobile.
- Veeva Systems +3.3%
- Fidelity National Information Services +3.0%
- Paramount Skydance Corporation +2.3%
- Ulta Beauty +2.1%
- Expand Energy +2.1%
- Astera Labs -4.7%
- CoreWeave -4.7%
- Nebius Group -5.3%
- Credo Technology Group -5.6%
- AST SpaceMobile -9.1%
Among regional funds, the iShares MSCI South Korea ETF is down 3.3% while the India ETF is up 2.1%. In thematic funds, the VanEck Space ETF is down 2.7% and the iShares A.I. Innovation and Tech Active ETF is down 2.0%.