Tech led a mixed close

Key Points

• 1

  Tech strength lifted the Nasdaq.

• 2

  Eight of eleven sectors declined.

• 3

  Small-company stocks closed lower.

• 4

  Energy was the second-strongest sector.

• 5

  The Fear and Greed Index showed fear.

Sector Performance

• TechnologyGrowth companies like semiconductors & softwareLed the Nasdaq higher.
  +2.48%
• EnergyOil and gas companiesWas strongest after tech.
  +1.79%
• Communication ServicesTelecom, media, and internet companiesWas nearly unchanged.
  -0.07%
• FinancialsBanks, insurance, and brokerage firmsSlipped slightly.
  -0.29%
• IndustrialsAirlines, machinery, and defense companiesCyclical shares softened.
  -0.42%
• MaterialsSteel, chemicals, and raw materialsFell despite manufacturing news.↗Source
  -0.45%
• Consumer StaplesFood, household goods — everyday essentialsDefensive shares were weak.
  -1.06%
• Health CareHospitals, pharma, and medical devicesAdded to defensive weakness.
  -1.09%
• Real EstateReal estate investment trusts (REITs)Rate-sensitive shares weakened.
  -1.64%
• Consumer DiscretionaryCars, retail — things people want but don't needFell sharply on consumer weakness.
  -2.22%
• UtilitiesElectric, water, and gas utility companiesWas the weakest sector.
  -2.97%

Only tech and energy were strong today.