Mixed open on oil fears

Key Points

• 1

  Iran war and oil supply trouble are raising caution before the open.

• 2

  Alibaba's profit drop could keep pressure on technology shares.

• 3

  Yesterday, health care and staples held up while technology lagged.

• 4

  Higher mortgage rates and JPMorgan comments keep rate worries in focus.

Sector Performance

• Health CareHospitals, pharma, and medical devicesDefensive demand may continue
  +1.96%
• Consumer StaplesFood, household goods — everyday essentialsMay benefit from defensive demand
  +1.28%
• FinancialsBanks, insurance, and brokerage firmsJPMorgan comments keep banks in focus↗Source
  +0.78%
• EnergyOil and gas companiesOil supply worries support energy↗Source
  +0.70%
• Communication ServicesTelecom, media, and internet companiesMay hold steadier than tech
  +0.24%
• UtilitiesElectric, water, and gas utility companiesDefensive interest may support utilities
  +0.11%
• Real EstateReal estate investment trusts (REITs)Higher mortgage rates weigh↗Source
  +0.02%
• MaterialsSteel, chemicals, and raw materialsEnergy costs may pressure materials↗Source
  -0.23%
• IndustrialsAirlines, machinery, and defense companiesHigher oil may raise costs↗Source
  -0.39%
• Consumer DiscretionaryCars, retail — things people want but don't needHigher rates and oil pressure demand↗Source
  -0.90%
• TechnologyGrowth companies like semiconductors & softwareAlibaba results may weigh on tech↗Source
  -1.51%

The market may open mixed.