Major Movers
Published
SPY is down 0.3% pre-market even as most sectors trade higher, with technology the lone sharp decliner. XLK (Technology) falls 1.3%, dragged by semiconductor names, while XLP (Consumer Staples) leads at +1.4%, XLV (Health Care) +1.3%, XLU (Utilities) +0.8%, XLF (Financials) +0.7%, and XLB (Materials) and XLE (Energy) both +0.6%. XLI (Industrials) is roughly flat at -0.1%. Within Technology, SK hynix stands out as the sector's worst performer at -6.6% against a field otherwise mostly down 1-4%.
Growth and momentum factors underperform value: SPYG -0.9%, VUG -1.0%, SPMO -0.9%, and MTUM -0.9%, versus flat SPYV. International minimum-volatility exposure stands out, with EFAV up 2.7%.
Mega-cap growth is mixed: Walmart leads at +2.5%, followed by Vertex Pharma +1.9% and Merck +1.8%, while Lam Research -2.8%, AMD -2.5%, and Applied Materials -2.4% lag.
Among other sector ETFs, semiconductors are broadly weak: SOXX -2.3%, SMH -2.1%, XSD -2.0%, alongside URA -2.5% and IGV -1.2%, while ITB (Homebuilders) gains 1.5%.
Semiconductor and AI-adjacent names dominate the decliners, with no grounded company-specific catalysts in today's feed for the gainers or losers below.
- Elbit Systems +4.3%
- Woodward +3.5%
- Marsh McLennan +3.1%
- Coca-Cola Europacific Partners +2.2%
- Brown-Forman +1.7%
- Entegris -4.4%
- Sandisk -4.3%
- Nebius Group -4.1%
- CoreWeave -7.0%
- Rocket Lab -9.2%
Regionally, South Korea (EWY) drops 5.6% and Taiwan (EWT) falls 2.7%, tracking the semiconductor weakness. In commodities, gold and silver miners rally, with GDX and GDXJ both up 2.2-2.3% and SLV up 2.1%, as Treasury yields extend their decline on haven demand.