Major Movers
Published
SPY is down 0.6% after September CPI came in hotter than expected, with headline inflation at 3.7% year-over-year and core at 2.6%, both above consensus and pushing Treasury yields higher on renewed rate-hike bets.
Health Care leads at +1.5%, led by UnitedHealth +3.7% and Eli Lilly +3.3%. Consumer Staples adds 0.6% and Energy is little changed at +0.1%. Technology is the weakest major sector at -1.2%, dragged by Oracle, down 7.0% after shares fell on the open, while Cognizant rises 2.4%. Financials falls 1.0% as Bank of America drops 8.2%, its biggest decline since April 2025, and Progressive and State Street also sink, while BlackRock gains 3.2%. Consumer Discretionary, Industrials, Real Estate, Utilities and Materials are all down between 0.5% and 0.8%.
Factors show a risk-off tilt: High Beta falls 2.1%, Momentum drops 1.1%, and Growth underperforms Value, -0.7% versus -0.3%.
Within mega-cap growth, Bank of America and Oracle are the clear decliners while UnitedHealth, Eli Lilly and BlackRock lead gains; most of the rest of the cohort is only modestly lower.
Semiconductor and bank ETFs are notably weak, with the Semiconductor ETF down 3.0%, iShares Semiconductor ETF down 2.5%, and the Invesco KBW Bank ETF down 2.7%. Homebuilder ETFs fall too, led by ITB down 2.5%.
Paramount Skydance leads single-stock losses after a sharp early drop, with CoreWeave and Nebius Group also posting double-digit declines. Elbit Systems is the top gainer.
- Elbit Systems +5.7%
- Pfizer +2.8%
- Waters Corporation +2.4%
- Charles River Laboratories +2.3%
- Viatris +2.0%
- Paramount Skydance -25.2%
- CoreWeave -13.9%
- Nebius Group -9.8%
- Dell Technologies -7.3%
- AST SpaceMobile -7.0%
Commodity-linked ETFs also fell, with the Silver ETF down 4.8% and gold miner ETFs down about 3.7%, while uranium and clean-energy ETFs each dropped more than 2%.