TREE NEWS reports: The S&P 500 rose 0.6% to a record closing high, with utilities up 2.9% and consumer discretionary and real estate each gaining more than 1%. Tech added 0.5% while healthcare slipped 0.1%, and the Nasdaq Biotechnology Index fell 2.3%. In the Nasdaq 100, up 0.5%, Constellation Energy climbed 12.2%, Nebius Group gained 7.2% and Astera Labs rose 6.7%, while Seagate Technology dropped 9.1%.
S&P 500 Closes at Record High, Up 0.6%; Constellation Energy Jumps 12.2%
AI take
The standout is the breadth of the advance: utilities and real estate leading, not just tech, suggests the rally is not a single-sector story, while the biotech drop is a notable divergence. Constellation Energy's double-digit move inside the Nasdaq 100 points to how concentrated index-level performance has become around a handful of names. Whether that utilities strength holds, or the biotech weakness spreads, is the open question.
Generated by AI for reference only.
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