Tech Held Up a Mixed Market

Key Points

• 1

  Technology was the strongest group today.

• 2

  Nine of eleven tracked sectors declined.

• 3

  The Dow outpaced the S&P 500 and Nasdaq.

• 4

  Small-company stocks ended lower.

Sector Performance

• TechnologyGrowth companies like semiconductors & softwareRose strongly and supported major indexes.
  +2.23%
• FinancialsBanks, insurance, and brokerage firmsGained and helped the Dow.
  +0.60%
• IndustrialsAirlines, machinery, and defense companiesSlipped modestly.
  -0.39%
• MaterialsSteel, chemicals, and raw materialsWeakened outside the tech rally.
  -0.41%
• UtilitiesElectric, water, and gas utility companiesDefensive utilities also edged lower.
  -0.47%
• Communication ServicesTelecom, media, and internet companiesFell despite strength in technology.
  -0.84%
• Health CareHospitals, pharma, and medical devicesJoined the weakness outside tech.
  -0.93%
• Real EstateReal estate investment trusts (REITs)Fell nearly 1%.
  -0.95%
• Consumer DiscretionaryCars, retail — things people want but don't needDeclined amid Musk-related headlines.↗Source
  -0.97%
• EnergyOil and gas companiesFell more than 1%.
  -1.16%
• Consumer StaplesFood, household goods — everyday essentialsDropped the most among sectors.
  -1.80%

Tech and financials held up; most sectors fell.