Major Movers
Published
S&P 500 ETF slips 0.2%, with the equal-weight version off 0.4%, suggesting large caps are holding up better than the broader market. Energy Select ETF is the clear standout sector, up 1.2%, lifted across the board after Libya's National Oil Corporation halted output at two fields following pipeline closures and protests, pushing Brent crude up 1.7% and WTI up 2.1%. Nearly every name in the sector is higher, with Talos Energy, SM Energy, and APA Corp up 5.0%, 3.6%, and 3.5% respectively at the top. Technology Select ETF adds 0.3%, though the headline number masks a wide split: semiconductors are rallying sharply while software and storage names drag. Financials Select ETF is down 0.3%, with regional and money-center banks broadly green led by Wells Fargo at +2.7% after its CFO said net interest margin could beat Q3 guidance and loan growth will likely exceed full-year targets, while capital markets, exchanges, and consumer finance names weigh on the sector. Consumer Discretionary Select ETF falls 0.7%, with most names lower and Chipotle Mexican Grill the worst performer at -4.7%. Health Care Select ETF drops 0.7%, with life science tools names bucking the trend: Repligen, Thermo Fisher Scientific, and Mettler-Toledo are up 2.7%, 2.6%, and 1.9%, while pharma, biotech, and managed care names fall broadly. Consumer Staples Select ETF is off 0.9%, the weakest sector outside energy's opposing move, with losses spread evenly across food, beverage, and household products. Industrials Select ETF edges down 0.4%, though Axon Enterprise drops 8.4%, the sharpest single-stock move in the sector. Real Estate Select ETF loses 0.6%, Utilities Select ETF falls 0.5%, and Materials Select ETF is roughly flat at -0.1%, with steel names Nucor and CF Industries among the few gainers.
Factor readings are compressed and mostly negative. Momentum factors are the relative bright spot, with S&P 500 Momentum ETF and iShares MSCI USA Momentum Factor ETF each up 0.1%. High beta is flat. Min-vol is notably weak at -0.9% for iShares MSCI USA Min Vol Factor ETF, suggesting defensives are underperforming. Small caps are modestly negative.
Within the mega-cap growth cohort, Qualcomm and AMD are the clear leaders at +4.9% and +3.9%. Nvidia adds 1.1% and Meta Platforms gains 0.9%. On the downside, Oracle falls 2.7%, Boston Scientific loses 2.0%, and Intuitive Surgical drops 1.8%.
Semiconductor ETFs are broadly higher: Semiconductor ETF (XSD) gains 2.0%, iShares Semiconductor ETF adds 1.2%, and VanEck Semiconductor ETF rises 1.0%. Oil & Gas E&P ETF is up 2.1%, consistent with the energy sector move. On the other side, biotech is under pressure with Biotech ETF (XBI) down 2.0% and Biotech ETF (IBB) off 1.3%. Pharma ETF loses 1.6%, Healthcare Providers ETF drops 1.4%, and Homebuilders ETF (ITB) falls 1.4%. Retail ETF slides 1.3% and iShares U.S. Real Estate ETF drops 1.3%. Defense ETF (ITA) is off 1.2%. Regional Banks ETF gains 0.5%, consistent with the bank-positive tone in financials.
The top individual gainers are led by semiconductor and tech-adjacent names, with Skyworks Solutions and Arm Holdings headlining the movers list alongside Dell Technologies and Coherent Corp, all in or near the chip supply chain. On the losing side, consumer and media names dominate, with Netflix and Darden Restaurants both down 2.7% and discount retail hit as well.
- Skyworks Solutions: +9.6%
- Arm Holdings: +5.3%
- Revvity: +4.5%
- Dell Technologies: +4.4%
- Coherent Corp: +3.9%
- Strategy Inc: -4.7%
- Tractor Supply: -3.5%
- Dollar Tree: -3.2%
- Netflix: -2.7%
- Darden Restaurants: -2.7%
The Oil & Gas E&P ETF and Natural Gas ETF are each up 2.1%, with the energy complex broadly lifted by the Libya supply disruption and elevated diesel futures, which rose to their highest level since 2022.