Major Movers
Published
S&P 500 ETF (SPY) is little changed at -0.0%, masking a split between cyclical/value sectors and technology. Materials (+1.8%) and Consumer Staples (+1.3%) lead, with Financials (+1.2%) close behind as nearly every bank and insurer in the group trades higher. Technology is the lone sector in the red at -1.4%, dragged by steep losses across semiconductor and storage names, while SolarEdge and Enphase Energy stand out to the upside within the sector. Health Care (+0.3%) is held back by Moderna, down 6.5%.
Factor readings point to a defensive, value-led tape: High Beta is the weakest factor at -1.4%, Momentum funds are down roughly 1.1% to 1.5%, and Growth is lower while Value and dividend-oriented funds post solid gains.
Within mega-cap growth, GE Aerospace (+2.4%) and JPMorgan Chase (+2.0%) lead, while AMD (-3.0%) and KLA Corp (-2.7%) trail the cohort.
Among other sector ETFs, semiconductors are broadly weak, with the iShares Semiconductor ETF -2.2% and Semiconductor ETF -2.0%, alongside the Biotech ETF -2.4%. Bank-focused funds outperform, with the Invesco KBW Bank ETF +1.9% and Regional Banks ETF +1.4%, alongside the Homebuilders ETF +2.0% and Defense ETF +1.9%.
Single-stock weakness is concentrated in technology and AI-linked names. CoreWeave extends a recent slide after short sellers reported sizable paper profits on this week's drop, while Coherent, Super Micro Computer, Fortinet and Astera Labs all post losses of 5% or more.
- Karman Holdings +5.5%
- Builders FirstSource +3.6%
- Host Hotels & Resorts +3.1%
- PODD +3.0%
- Thomson Reuters +2.7%
- Astera Labs -5.2%
- Fortinet -5.3%
- Super Micro Computer -5.4%
- Coherent -6.3%
- CoreWeave -7.3%
Natural gas futures fall after force majeure was lifted, sending the Natural Gas ETF down 4.7%. AI and cybersecurity-themed funds are broadly weaker, led by the iShares A.I. Innovation and Tech Active ETF (-3.0%) and Cybersecurity ETF (-2.7%). The iShares MSCI Indonesia ETF tumbles 13.5% following MSCI's market classification announcement.