Major Movers
Published
SPY is little changed at +0.1% in a session with wide sector dispersion. Technology leads at +0.7%, with Western Digital +6.3% and Seagate +4.2% pacing the sector and AMD +4.0% after announcing a partnership with Meta Platforms to power its superintelligence infrastructure, including a $1 billion investment in Meta's equity offering. Industrials +0.3% and Consumer Discretionary +0.2% are also firm, though Xylem -8.2% is a sharp outlier within Industrials. Energy is the weakest sector at -0.8%, dragged by Valero Energy -5.2%, Marathon Petroleum -3.9% and Phillips 66 -3.3%. Real Estate is down 0.7%, with Welltower -5.1% the standout decliner, and Health Care is down 0.1% despite steep drops in Moderna -6.1% and Repligen -4.9%. Financials are off 0.2% and Consumer Staples down 0.5%.
Momentum and high-beta factors outperform, with SPHB and MTUM each up 1.0% and SPMO up 0.9%, while value-oriented factors like SPYV and RSP are little changed to lower.
Within mega-cap growth, AMD, Broadcom +3.8% and Oracle +3.2% stand out to the upside, while Meta Platforms slips 1.0% after pricing a stock offering and ServiceNow and Accenture both fall more than 2%.
Semiconductor-focused ETFs are sharply higher, with the Semiconductor ETF up 2.3% and the VanEck Semiconductor ETF up 1.6%, alongside gains in Metals & Mining +2.6% and Uranium +2.5%.
Among individual names outside the main sector and mega-cap lists, moves are large but largely unaccompanied by identifiable news.
- Nebius Group +10.8%
- Pentair +9.6%
- Credo Technology +6.4%
- Ferrovial +6.1%
- Astera Labs +4.5%
- CoStar Group -2.5%
- Arthur J. Gallagher -2.6%
- Brown & Brown -3.9%
- Rambus -3.9%
- Hubbell -5.0%
The VanEck Uranium and Nuclear ETF gains 2.6% and the Brazil ETF rises 2.4%, while the Invesco China Technology ETF falls 2.0% and the Natural Gas ETF drops 2.5%.
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