Tech led stocks higher

Key Points

• 1

  Tech led the session, and the Nasdaq rose more than the other major indexes.

• 2

  Financials, utilities, and real estate were among the weakest sectors.

• 3

  The market rose, but gains were concentrated in a smaller group of large stocks.

• 4

  A Swiss rate cut and a firmer U.S. dollar helped shape the day.

Sector Performance

• TechnologyGrowth companies like semiconductors & softwareTech led the market higher
  +0.94%
• Communication ServicesTelecom, media, and internet companiesRose with large growth stocks
  +0.78%
• Health CareHospitals, pharma, and medical devicesAdded steady support to gains
  +0.59%
• Consumer DiscretionaryCars, retail — things people want but don't needEdged up with Tesla in focus↗Source
  +0.36%
• Consumer StaplesFood, household goods — everyday essentialsSlight gain from defensive demand
  +0.33%
• EnergyOil and gas companiesLittle changed without a major driver
  +0.10%
• MaterialsSteel, chemicals, and raw materialsSaw limited help from overseas data↗Source
  -0.15%
• IndustrialsAirlines, machinery, and defense companiesFell despite better German data↗Source
  -0.42%
• Real EstateReal estate investment trusts (REITs)Fell as the dollar firmed↗Source
  -0.83%
• FinancialsBanks, insurance, and brokerage firmsOne of the weakest sectors
  -1.14%
• UtilitiesElectric, water, and gas utility companiesThe weakest major sector
  -1.15%

Tech led, but sector moves were uneven.