S&P 500: Tech Shares Wrestle as Microsoft Drops, Meta and Tesla Shine…

Microsoft shares tumbled greater than 6% after the corporate projected weaker development in its cloud section, elevating issues about slowing enterprise demand. Different tech heavyweights, together with Apple and Intel, are set to report after the closing bell.

Which Sectors Are Main the Market?

Ten of the 11 S&P 500 sectors traded increased, led by a 2.1% leap in communication providers, fueled by Meta’s sturdy efficiency. Expertise shares lagged, down zero.5%, weighed by Microsoft’s post-earnings decline. In the meantime, semiconductor shares noticed sturdy features, with Broadcom rising 5.eight% and Marvell Expertise up three.eight%. The Philadelphia Semiconductor Index superior 1.four%.

The Russell 2000 index, a key gauge for small-cap shares, outperformed with a 1.three% achieve.

What Are the Greatest Inventory Movers?

Well being insurer Cigna dropped 9.7% after issuing a weaker-than-expected annual revenue forecast and lacking fourth-quarter estimates. United Parcel Service plunged 14.eight% after offering disappointing 2025 income steerage.