Major Movers
The S&P 500 ETF is down 0.6% in regular trading. Health Care leads at +1.8%, with Eli Lilly up 6.1% to a record high on an outlook raise, while Alnylam Pharma is the sector's clear laggard at -25.3%. Financials are up 1.4% broadly. Real Estate and Utilities are both higher by roughly 1.5-1.7%. Technology is the weakest major sector at -1.5%, dragged by Oracle (-5.1%), Micron Technology (-4.7%) and Cognizant (-5.8%), even as Gen Digital jumps 14.4% and KLA Corp gains 5.7%. Industrials rise 0.6% with Textron up 12.5% but Caterpillar down 8.5%. Energy is roughly flat.
Factors are mixed: value and dividend-oriented names (S&P 500 Value, Dividend Aristocrats) are higher while momentum and growth factors (S&P 500 Momentum -1.8%, S&P 500 Growth -1.5%) lag.
Within mega-cap growth, ServiceNow is down 26.6% after sinking 22% intraday, its biggest drop since 2016, and Alphabet shares are down roughly 13%, erasing about $489 billion in value. Eli Lilly and KLA Corp are the standout gainers.
Among other sector ETFs, defense-linked funds are strong, with the Aerospace & Def ETF up 5.3% and Defense ETF up 3.4%, while software is weak, with the Expanded Tech-Software Sector ETF down 4.2%.
Fortinet is the session's sharpest single-stock decline, plunging 27% for its worst day on record. Elsewhere, moves in Carvana, Huntington Ingalls Industries, Leonardo DRS and Builders FirstSource stand out on the upside without a clear news driver, while Marvell Technology, Honeywell Aerospace, Nebius Group and Datadog round out the laggards.
- Carvana: +16.0%
- Huntington Ingalls Industries: +13.1%
- Leonardo DRS: +12.7%
- Builders FirstSource: +9.2%
- AeroVironment: +8.5%
- Datadog: -5.5%
- Nebius Group: -5.5%
- Honeywell Aerospace: -9.2%
- Marvell Technology: -12.3%
- Fortinet: -22.4%
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