The S&P 500 ETF is up 0.2% in a session with sharp sector rotation. Consumer Discretionary leads at +2.8%, powered by homebuilders, with NVR, Lennar, Toll Brothers and PulteGroup all up more than 5%. Financials gain 2.0%, Materials 1.8%, Industrials 1.6% and Consumer Staples 1.6%. Health Care is roughly flat at -0.2%, held back by insurers and major pharma even as IDEXX Labs jumps 20.5%. Technology is the weakest major sector at -1.5%, dragged lower by Oracle, down 7.1% after announcing plans to raise $20bn through bond and stock sales. Energy is the clear laggard at -3.4% as crude slides on hopes for a deal to end the Iran war, with Brent and WTI both down sharply.

Factor readings show a value tilt: S&P 500 Value and Dividend Aristocrats are positive while Momentum (-2.0%) and Momentum Factor (-2.2%) lag, and small caps outperform via the Small Cap ETF (+1.3%).

Within mega-cap growth, Boston Scientific, Stryker and Booking Holdings lead at roughly +4.7%, while Oracle and AMD trail at -7.1% and -5.1%.

Among other sector ETFs, Homebuilders and Airlines jump more than 4%, while Semiconductors and Biotech each fall more than 2%.

Semiconductor and networking names dominate the loser list following broad chip weakness, while real estate services and aerospace names lead gainers.

• CBRE Group +7.1%
• CRH plc +6.8%
• Molson Coors Beverage Company +6.7%
• CoStar Group +6.6%
• Howmet Aerospace +6.5%
• Astera Labs -8.0%
• AST SpaceMobile -8.9%
• Ciena -9.8%
• Marvell Technology -10.6%
• Lumentum Holdings -16.6%

Oil-linked commodity ETFs fall sharply, with the Brent Oil ETF down 7.0% and the Crude Oil ETF down 6.7%, while gold and silver miner ETFs rise more than 2.5% as spot gold extends gains. Cybersecurity-themed ETFs drop more than 2.5%, while solar and clean energy ETFs climb more than 3%.

© Raydn · raydn.us