U.S. equities finished mixed, with the NASDAQ posting a modest gain, while the Dow Jones and Russell 2000 declined. The S&P 500 ended slightly lower.
Key takeaway:Energy stocks led the market, boosted by the surge in crude oil prices, while technology also added support. On the downside, consumer discretionary and financial shares lagged, reflecting caution as yields rise and geopolitical risks remain elevated
Major Indices
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Dow Jones Industrial Average: 47,417.27 (-0.61%)
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S&P 500: 6,775.80 (-0.08%)
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NASDAQ Composite: 22,716.13 (+0.08%)
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Russell 2000: 2,542.90 (-0.20%)
Looking at the components of the S&P, 3 of the 11 components rose led by Energy.
The losing sectors of the S&P included.
Several large-cap stocks posted strong gains, led by strength in technology, energy, and select consumer names.
Papa John’s was the top mover, jumping 19.45%, while Nebius NV surged 16.17%. Oracle also posted a strong gain of 9.18%, after the company reported better-than-expected earnings after the close yesterday, helping fuel buying in the stock today.
Energy stocks benefited from the sharp rise in crude oil prices, which lifted Occidental Petroleum (+4.63%), Chevron (+2.95%), Shell ADR (+2.71%), and Exxon Mobil (+2.33%) as geopolitical tensions and concerns about supply disruptions supported oil prices.
Technology shares were also well bid, with Micron Technology rising 3.84%, Uber Technologies gaining 3.61%, Intel climbing 2.54%, Dell Technologies advancing 2.48%, and Snowflake adding 2.34%. Roblox also moved higher, gaining 2.65%.
Overall, the gains reflect strength in both technology and energy, with oil-sensitive stocks benefiting from higher crude prices and tech shares supported by company-specific catalysts such as Oracle’s strong earnings.
Several large-cap stocks also posted notable declines, with weakness spread across consumer staples, retail, healthcare, technology, and travel-related companies.
Leading the downside was General Mills, which fell 3.83%, while Paramount Skydance declined 3.78% and Tencent ADR slipped 3.77%. In the healthcare space, Stryker dropped 3.59%, and Corning fell 3.27%.
Retail and consumer names were also under pressure. Dollar Tree declined 3.05%, Macy’s fell 2.89%, Best Buy dropped 2.53%, and Chipotle Mexican Grill slipped 2.51%. In the technology sector, Intuit lost 2.97%, contributing to the broader pullback in some growth names.
Travel-related stocks were weaker as well, with Alaska Air down 2.41% and Southwest Airlines falling 2.27%. Meanwhile, Newmont Goldcorp slipped 2.26%, as gold-related shares struggled to gain traction.
Overall, the declines reflected broad-based selling across several sectors, with particular weakness in consumer and retail names, while the broader market remained mixed on the day.
