Major Movers
Published
S&P 500 ETF is little changed at -0.1%, masking wide dispersion underneath. Energy Select leads at +1.5% as crude-linked names rally broadly, with Valero Energy and Permian Resources both up 3.8% amid reports of a tanker fire near the Strait of Hormuz and ongoing Red Sea/Yemen strikes. Health Care Select is the weakest sector at -1.2%, dragged by Johnson & Johnson at -6.1%, while Industrials Select falls 0.8% with Caterpillar off 4.4%. Financials Select slips 0.3% even as JPMorgan Chase and Goldman Sachs reported stronger quarterly profit; Citigroup and Blackstone both lag at -4.2%. Technology Select is off 0.3%, with Oracle up 4.4% but Applied Materials down 7.8%.
Factors show a defensive tilt despite the flat index: Momentum (-1.5%) and High Beta (-1.2%) underperform, while Value is flat.
Within mega-cap growth, Oracle (+4.4%) and Meta Platforms (+2.6%) stand out on the upside, while Johnson & Johnson (-6.1%), Applied Materials (-7.8%), Lam Research (-4.3%) and KLA Corp (-4.0%) weigh heavily.
Among other sector ETFs, Oil & Gas E&P jumps 2.5% alongside crude strength, while Biotech funds XBI (-2.8%) and IBB (-1.9%) and Regional Banks (-1.0%) underperform.
Single-stock moves are dominated by sharp declines outside the main sector lists, with no clear shared theme among the laggards.
- Charter Communications +4.1%
- Erie Indemnity +3.5%
- Veeva Systems +3.5%
- Expand Energy +3.5%
- Archer Daniels Midland +3.1%
- AST SpaceMobile -8.2%
- Flex -6.9%
- Karman Holdings -5.9%
- Fabrinet -5.8%
- Take-Two Interactive -5.6%
Thematic and commodity funds also show outsized moves: VanEck Space ETF falls 3.0% and iShares MSCI South Korea ETF drops 2.8%, while Natural Gas ETF gains 3.7% and VanEck Oil Refiners ETF adds 2.9%, against declines of 2.6% in Junior Gold Miners and 2.5% in Silver Miners.