The major U.S. stock indices have erased much of their earlier gains, with the S&P 500 now slipping into negative territory as late-session selling accelerates. Earlier in the day, optimism pushed all three major averages sharply higher, but that enthusiasm has faded as investors take profits and selling broadens.
The S&P 500, which was up as much as 55.53 points at its session high, is now down 14 points (-0.19%). The NASDAQ Composite, after rallying 295.36 points at its peak, has nearly erased the entire advance, with its intraday low showing a gain of just 1.75 points before a modest bounce. Meanwhile, the Dow Jones Industrial Average has experienced an even more dramatic reversal, swinging from a gain of 266 points to a loss of as much as 364 points before trimming some of those declines.
The sharp reversal highlights a shift in sentiment as buyers who drove the morning rally have stepped aside, allowing sellers to regain control into the close. Below are some of the day’s biggest losers:
- Whirlpool fell $1.76 or -4.60% to $36.48
- Chipotle Mexican Grill fell $1.33 or -3.85% to $33.12
- ARK Genomic Revolution fell $1.45 or -3.62% to $38.42
- First Solar fell $7.30 or -3.44% to $204.69
- Oracle fell $4.12 or -3.26% to $122.29
- Albemarle fell $3.82 or -3.16% to $116.96
- Dell Technologies fell $12.39 or -3.12% to $383.95
- Worthington Industries fell $1.58 or -2.83% to $54.19
- Tesla fell $10.82 or -2.84% to $370.02
- Moderna fell $1.74 or -2.82% to $60.08
- Alcoa fell $1.22 or -2.77% to $42.76
- Emerson fell $3.84 or -2.75% to $135.70
- Deere & Company fell $14.38 or -2.41% to $582.86
- Biogen fell $4.87 or -2.37% to $201.12
- Shake Shack fell $1.33 or -2.29% to $56.67
- Eli Lilly fell $26.47 or -2.24% to $1,152.64
- Merck & Co. fell $2.81 or -2.21% to $124.68
- Invesco Solar ETF fell $1.18 or -2.19% to $52.72
- Netflix fell $1.49 or -2.15% to $67.46
- Morgan Stanley fell $4.58 or -2.13% to $210.92
- Boeing fell $4.49 or -2.10% to $209.54
- Lennar fell $1.68 or -2.00% to $82.21
Some of the chips and AI related names are still positive on the day but off their session highs:
- Lumentum Holdings rose $39.88 or 5.44% to $772.70
- Credo Technology Group rose $10.06 or 4.96% to $212.74
- Coherent rose $9.64 or 3.47% to $287.25
- Marvell Technology rose $6.50 or 3.44% to $195.18
- Intel rose $2.64 or 2.78% to $97.69
- Advanced Micro Devices (AMD) rose $12.60 or 2.54% to $508.36
- Sandisk rose $32.03 or 2.36% to $1,386.85
- Nebius Group rose $4.19 or 2.36% to $181.90
- Monolithic Power Systems rose $25.03 or 1.91% to $1,337.03
- Broadcom rose $7.53 or 2.03% to $378.36
The markets cannot keep the momentum going to the upside. Also there seems to be more of a rotation every day. If some sector are doing well, it’s at the expense of other sectors which do just as poorly if not worse.
