TREE NEWS reports: The S&P 500 closed up 0.4% in preliminary figures, with consumer discretionary up 2.7% and technology up 1.3%, while real estate fell 1.1% and utilities dropped 1.8%. The Nasdaq 100 gained 0.8%, led by Western Digital up 5.9%, SanDisk up 5.5%, Datadog up 5.3% and Amazon up 5.1%. The Philadelphia Semiconductor Index rose 1.8% and the memory-chip index gained about 2%.
S&P 500 rises 0.4% as consumer discretionary and tech gain, utilities fall
AI take
The rotation is the story here: gains concentrated in consumer discretionary and tech, with defensive sectors like utilities and real estate sold off, points to a risk-on tilt rather than broad participation. The memory-chip bid, with Western Digital and SanDisk leading, suggests the AI-hardware trade is broadening beyond the headline names. Whether that leadership holds when defensives are this weak is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
11m ago
Tradeweb to acquire Trumid for about $1.97 billion
20m ago
Zelensky Says U.S. Decisions on Ukraine War ‘Hard to Explain’
26m ago
Magnificent 7 Index Rises 1.26% to 234.71; Amazon Up 4.98%
28m ago
S&P 500 sectors: Utilities fall 1.97%, consumer discretionary rises 2.73%
29m ago
Trump says someone other than Zelensky should negotiate for Ukraine
30m ago
US sector ETFs mostly fell Monday, utilities down 2.01%