Major Movers
Published
SPY is down 1.1% as risk-off tech selling offsets a broad energy rally. Energy (XLE) leads at +2.1% as US crude tops $100 a barrel on Middle East supply concerns and a Russian refinery outage, with Matador Resources +5.8%. Utilities (XLU) gains 1.3% and Materials (XLB) adds 0.6%, led by FMC +3.3%. Industrials (XLI) is roughly flat as defense names rally, RTX +3.0%, Northrop Grumman +2.9%, Lockheed Martin +2.8%, while J.B. Hunt and C.H. Robinson each fall 3.7%. Technology (XLK) is the weakest sector at -2.5%, with HP Enterprise -5.9% and AMD -4.7% among the hardest hit. Consumer Discretionary (XLY) falls 1.0%, with Tesla -2.4% after giving up early gains tied to its Roadster unveiling. Health Care (XLV) is down 0.4%, dragged by Moderna's 10.1% drop.
Factors show a clear defensive tilt: High Beta -2.8%, Momentum -2.3%, Growth -1.9% to -2.2%, while Value is roughly flat.
Within mega-cap growth, energy and defense names outperform (Chevron +2.2%, ExxonMobil +1.9%), while Oracle -4.1%, ServiceNow -5.0% and Broadcom -3.5% lag.
Among other sector ETFs, XOP gains 2.3% and MLPX 2.2% on the oil move, while software and biotech are hit hard: IGV -5.0%, XBI -3.6%.
Several high-multiple names are sharply lower, extending recent weakness, while energy-linked stocks lead gainers on the crude rally.
- Karman Holdings +5.1%
- Targa Resources +3.4%
- Honeywell Aerospace +3.4%
- Kinder Morgan +3.4%
- EQT Corporation +3.4%
- Datadog -8.1%
- Strategy -9.5%
- Super Micro Computer -9.7%
- Nebius Group -10.2%
- CoreWeave -11.9%, after a 15.5% drop the prior session that produced roughly $806 mln in paper profit for short sellers
Thematic ETFs are broadly weak, with WCLD -5.7%, CIBR -5.0% and ARKK -4.5%. Regionally, EIDO tumbles 14.2% and EWY falls 2.6%. In commodities, UNG drops 3.5% after force majeure was lifted, while USO and BNO each rise more than 2.5% on the crude rally.