Defensive stocks led, market fell

Key Points

• 1

  Health care and utilities rose.

• 2

  Materials and financials fell sharply.

• 3

  The Nasdaq and Russell 2000 were weaker.

• 4

  Market caution stayed elevated.

• 5

  The dollar strengthened against major currencies.

Sector Performance

• EnergyOil and gas companiesWas the strongest sector today.
  +1.17%
• Health CareHospitals, pharma, and medical devicesRose strongly as a defensive sector.
  +1.10%
• UtilitiesElectric, water, and gas utility companiesClimbed on defensive rotation.
  +0.91%
• Real EstateReal estate investment trusts (REITs)Gained as defensive interest rose.
  +0.43%
• Consumer StaplesFood, household goods — everyday essentialsEdged up on defensive demand.
  +0.22%
• TechnologyGrowth companies like semiconductors & softwareFell with the weaker Nasdaq.
  -0.64%
• Communication ServicesTelecom, media, and internet companiesDropped on growth stock weakness.
  -0.97%
• Consumer DiscretionaryCars, retail — things people want but don't needSlid with cyclical weakness.
  -1.11%
• IndustrialsAirlines, machinery, and defense companiesWeakened on economic concerns.
  -1.18%
• FinancialsBanks, insurance, and brokerage firmsFell sharply in risk-off trade.
  -1.24%
• MaterialsSteel, chemicals, and raw materialsWas the day's biggest loser.
  -2.35%

Defensive sectors rose; cyclical sectors fell.