SPDR Select Sector Fund - Technology (ARCA: XLK)

最新ニュース SPDR Select Sector Fund - Technology (ARCA:XLK)

SPDR Select Sector Fund - Technology

Technology

Other

In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

Microsoft Corp

Nvidia Corp.

Apple Inc

Broadcom Inc

Salesforce Inc.

Adobe Inc

Advanced Micro Devices Inc.

Oracle Corp.

Accenture Plc

Qualcomm Inc.

Cisco Systems, Inc.

International Business Machines Corp.

Servicenow, Inc.

Palantir Technologies Inc.

The Technology Select Sector SPDR Fund

Analyst Color

Equities

News

Tech

AAPL

INTC

NVDA

ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF

NVDX

PLTR

SOXL

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

先週8月2日に終了した週は、テクノロジースペースが下落し、テクノロジー選択セレクトセクターSPDRファンド（NYSE：XLK）が5%以上下げ、大型株企業の業績を測るS&amp;P500指数を下回った。今週、テック市場を駆りたてた要因と、これらの株が近期および中期に向けて向かっている方向をまとめた。

大型企業株　S&amp;P500株をSPDRファンドが下回る

Exclusives

Trading Ideas

MSFT

半導体企業であるNVIDIA Corporation（NASDAQ:NVDA）の企業価値は、2023年5月の1兆ドルから、2024年6月時点で3兆ドルを超えて急増しています。2024年6月18日現在、Nvidiaが史上最も価値のある企業としての地位を確立する中、同社がリテール投資家にとってアップルとの差を見てみましょう。

AI半導体大手Nvidiaとテック王者Apple 企業価値から２社を分析

Sector ETFs

ETFs

今月末には、Apple Inc.（NASDAQ:APPL）の損失によりNVIDIA社（NASDAQ:NVDA）への露出を増加させる可能性があり、その結果、取引高が急拡大する可能性があります。

Nvidia が優良な投資先としてAppleより高い評価を得る

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">80.40</td>
<td align="right">0.70</td>
<td align="right">0.87</td>
<td>44.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">185.84</td>
<td align="right">1.60</td>
<td align="right">0.86</td>
<td>5.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">90.17</td>
<td align="right">0.54</td>
<td align="right">0.60</td>
<td>554</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">194.92</td>
<td align="right">1.01</td>
<td align="right">0.52</td>
<td>158.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">80.51</td>
<td align="right">0.31</td>
<td align="right">0.38</td>
<td>6.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">125.09</td>
<td align="right">0.47</td>
<td align="right">0.37</td>
<td>21.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">39.97</td>
<td align="right">0.15</td>
<td align="right">0.37</td>
<td>505</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">46.70</td>
<td align="right">0.17</td>
<td align="right">0.36</td>
<td>396.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">77.23</td>
<td align="right">0.25</td>
<td align="right">0.32</td>
<td>2.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">80.27</td>
<td align="right">0.11</td>
<td align="right">0.13</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">135.17</td>
<td align="right">-1.12</td>
<td align="right">-0.83</td>
<td>49.7K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Pre-Market Outlook

Movers

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For April 18, 2025

The Blue Whale Growth fund, backed by the billionaire Peter Hargreaves, has sold its entire stake in Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) amid fears of a global economic slowdown.
What Happened: The decision to exit Meta and Microsoft was announced by the fund&#8217;s manager, Stephen Yiu, following U.S. President Donald Trump&#8216;s announcement of broad tariffs on April 2, <a href="https://www.ft.com/content/4049c101-65f4-4cf5-a045-78b3b7e67131">reported</a> the Financial Times.
Yiu expressed concerns that these tariffs could potentially trigger a global economic slowdown, which would negatively impact Meta&#8217;s digital advertising business. He stated, &#8220;When you have a global business in digital advertising and a global slowdown and economic uncertainty, then it does impact the top line [revenues].&#8221;
The Blue Whale Growth fund, managing £1.1 billion ($1.46 billion), has massive holdings in technology stocks, accounting for nearly 40% of the portfolio. Meta&#8217;s holding represented about 3% of this.
Yiu also revealed that the fund has been buying shares of U.S. chip designer&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), raising the stock&#8217;s share of the overall fund from 7% at the end of last year to 10%, in order to take advantage of a lower share price.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/25/04/44881570/trump-administration-to-lay-off-nearly-90-of-cfpb-employees-in-major-downsizing-report" target="_blank" rel="noreferrer noopener">Trump Administration To Lay Off Nearly 90% Of CFPB Employees In Major Downsizing: Report</a>
Why It Matters:&nbsp;The Blue Whale Growth fund, started in 2017 by Hargreaves, co-founder of Hargreaves Lansdown, holds around £200 million ($265.31 million) from his family. Since Trump&#8217;s tariff announcement, Hargreaves Lansdown has reported that its customers have continued to be net buyers of the Magnificent Seven stocks, which represent nearly a third of the S&amp;P 500 by market capitalization.
In early April, UK retail investment platforms Interactive Investor and AJ Bell experienced a surge in trading volumes. Interactive Investor reached its highest-ever trading volumes on April 7, with Nvidia and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) being popular picks. AJ Bell noted an increase in purchases of the Polar Capital Technology Trust, which includes tech giants like Nvidia, Meta, Microsoft, and Apple, highlighting growing interest in tech stocks.
After President Donald Trump announced sweeping tariffs<a href="https://www.benzinga.com/topic/liberation-day"> on April 2</a>, the U.S. technology sector has been particularly impacted. Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) dropped 16.86% year-to-date, while VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) lost 21.5% during the same period.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44877231/ethereum-price-plunges-to-2018-levels-what-is-going-on" target="_blank" rel="noreferrer noopener">Ethereum Price Plunges To 2018 Levels: What Is Going On? &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

AMZN

Billionaire Peter Hargreaves-Backed Fund Offloads Stake In Meta, Microsoft Amid Global Economic Woes

Wall Street saw a rebound in risk appetite on Thursday ahead of the long Easter weekend, as President Donald Trump signaled positive <a href="https://www.benzinga.com/topic/donald-trump">momentum in trade negotiations.</a>
Speaking ahead of a scheduled meeting with Italian Prime Minister Giorgia Meloni, Trump expressed strong confidence in reaching a trade agreement with the European Union. He also hinted at progress with China, stating, "We will make a good deal with China." 
Meanwhile, U.S. Treasury Secretary Scott Bessent noted that trade talks with Japan are moving in a highly satisfactory direction.
By midday in New York, the S&amp;P 500 had climbed 0.9%, while the Nasdaq 100 gained 0.5%, recouping some losses after a 3% slide on Wednesday. The Dow Jones, however, slipped 0.9%, weighed down by a sharp 23% plunge in UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) after the company slashed its full-year earnings forecast.
Energy stocks led the day&#8217;s gains, buoyed by rising oil prices. Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) rallied 4.1%, while Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) advanced 3.5%.
Gold prices retreated nearly 1% after a strong multi-day rally, pressured by a firmer U.S. dollar and rising Treasury yields. The 10-year Treasury yield climbed six basis points to 4.34%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged up 0.9% to $85,000.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (%)</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,884.35</td>
<td>1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,323.43</td>
<td>0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,357.77</td>
<td>0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,441.72</td>
<td colspan="2">-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:55 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.8% to $530.09.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.7% to $394.05.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.5% to $446.19.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 1% to $186.67.</li>
<li>The&nbsp;Energt&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 3.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.1%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Eli Lilly Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) surged 16% after announcing that its oral GLP-1 receptor agonist, Orforglipron, successfully completed Phase 3 trials without requiring food or water restrictions.</li>
<li>Fidelity National Information Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) jumped 9% after announcing a $13.5 billion deal to acquire Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>)&#8217;s Issuer Solutions business. The move is aimed at bolstering FIS's fintech capabilities and is expected to generate over $125 million in annual revenue synergies. Shares of GPN tumbled 15%. </li>
<li>Companies reacting to earnings reports included American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), up 0.5%; Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), up 1.9%; Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), up 2.7%; Marsh &amp; McLennan Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) down 3.3%; Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), up 1.3%; State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>), up 3.2%; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), up 3.7% and Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), up 4%.</li>
<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) rose 2% ahead of the earnings report, which is slated for release after the market close. </li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/general/health-care/25/04/44869920/unitedhealth-ceo-says-high-cost-of-us-health-care-simply-not-sustainable">UnitedHealth CEO Says High Cost Of US Health Care &#8216;Simply Not Sustainable&#8217;</a></li>
</ul>
Photo: Shutterstock

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Economics

$BTC

SPDR Dow Jones Industrial Average ETF Trust

HBAN

NFLX

SCHW

Wall Street Rebounds, Eli Lilly Rallies, UnitedHealth Group Plummets: What's Driving Markets Thursday?

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">195.95</td>
<td align="right">2.04</td>
<td align="right">1.05</td>
<td>115.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">80.47</td>
<td align="right">0.77</td>
<td align="right">0.96</td>
<td>42.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">185.84</td>
<td align="right">1.60</td>
<td align="right">0.86</td>
<td>4.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">90.17</td>
<td align="right">0.54</td>
<td align="right">0.60</td>
<td>554</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">125.27</td>
<td align="right">0.65</td>
<td align="right">0.52</td>
<td>18.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">80.51</td>
<td align="right">0.31</td>
<td align="right">0.38</td>
<td>6.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">39.97</td>
<td align="right">0.15</td>
<td align="right">0.37</td>
<td>505</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">46.67</td>
<td align="right">0.14</td>
<td align="right">0.30</td>
<td>354.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">77.10</td>
<td align="right">0.12</td>
<td align="right">0.15</td>
<td>2.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">80.27</td>
<td align="right">0.11</td>
<td align="right">0.13</td>
<td>1.7K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">135</td>
<td align="right">-1.29</td>
<td align="right">-0.95</td>
<td>46.5K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 17, 2025

Risk sentiment took a sharp blow Wednesday afternoon after Federal Reserve Chair Jerome Powell linked rising tariffs to higher inflation and slower growth, while making it clear the central bank has no intention <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44848474/fed-chair-powell-says-tariffs-lead-to-temporary-rise-in-inflation">of cushioning market losses.</a>
In remarks at the Economic Club of Chicago, Powell said the inflationary effects of tariffs could be more persistent than previously thought, and warned that current policy uncertainty makes it difficult to gauge their full impact. 
Most notably for Wall Street, Powell addressed the notion of a so-called "Fed put"—the belief that the central bank would intervene if markets drop sharply—and offered a blunt response: "I'm going to say no."
That single line pushed traders to recalibrate expectations for any near-term monetary support.
<h3 class="wp-block-heading">Stocks Tumble As Chipmakers Extend Losses</h3>
By 3:15 p.m. ET, the S&amp;P 500 – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – had dropped 3.1% to 5,230 points, while the Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) plunged 4.1% to 18,050, dragged down by the tech-heavy weighting of the index. 
The Dow Jones Industrial Average shed 838 points, or 2.1%, and the Russell 2000 small-cap index also fell 2.1%.
Nearly every sector turned red, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) nosediving 5%. Energy stocks were the sole exception, buoyed by higher crude prices and safe-haven commodity demand.
Semiconductors were particularly hard hit following fresh export restrictions on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips to China. 
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) plummeted 6.8%, with Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both down around 10%.
<h3 class="wp-block-heading">Gold Shines In Flight To Safety</h3>
As stocks tumbled, gold prices climbed, continuing their powerful 2025 rally. The precious metal hit new record highs, rising to over $2,350 an ounce, and is now up 26% year to date. 
With the Nasdaq 100 down 23% over the same period, gold has outperformed the tech index by nearly 50% in less than four months.
Gold's appeal has grown amid mounting inflation concerns, policy uncertainty, and geopolitical tension.
<h3 class="wp-block-heading">Powell: No Market Rescue This Time</h3>
Powell's refusal to endorse the "Fed put" marked a sharp shift in tone from the central bank's more accommodative stance in past downturns. While he acknowledged market volatility, he said both equity and bond markets were "functioning" and "orderly."
"Markets are struggling with a lot of uncertainty, and that means volatility," Powell said. "But having said that, markets are functioning."
The Fed chair emphasized that rate decisions will continue to focus on economic data, especially inflation and employment, and not on asset prices.
Top S&amp;P 500 Gainers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>129.93</td>
<td>+2.94%</td>
</tr>
<tr>
<td>APA Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APA#NYSE">APA</a>)</td>
<td>15.27</td>
<td>+2.52%</td>
</tr>
<tr>
<td>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>)</td>
<td>29.21</td>
<td>+2.40%</td>
</tr>
<tr>
<td>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>55.88</td>
<td>+2.37%</td>
</tr>
<tr>
<td>Diamondback Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NYSE">FANG</a>)</td>
<td>129.98</td>
<td>+2.23%</td>
</tr>
</tbody>
</table>
</figure>
Top S&amp;P 500 Losers:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Advanced Micro Devices Inc.</td>
<td>85.90</td>
<td>-9.86%</td>
</tr>
<tr>
<td>Nvidia Corp.</td>
<td>101.25</td>
<td>-9.76%</td>
</tr>
<tr>
<td>J.B. Hunt Transport Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NYSE">JBHT</a>)</td>
<td>123.21</td>
<td>-8.81%</td>
</tr>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>89.90</td>
<td>-8.63%</td>
</tr>
<tr>
<td>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>622.99</td>
<td>-7.87%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">Nvidia H20 Chip Ban Could Lead To &#8216;Manageable&#8217; Sales Drop, Bank Of America Says</a></li>
</ul>
Photo: Shutterstock

Government

Regulations

Bonds

Econ #s

Federal Reserve

FANG

JBHT

KLAC

Stocks Sink As Powell Dismisses 'Fed Put' Safety Net, Gold Extends Massive Lead Over Nasdaq

U.S. major indices traded lower at midday Wednesday, pressured by sharp declines in tech and semiconductor stocks after Washington tightened chip <a href="https://www.benzinga.com/topic/china">export restrictions to China.</a>
The U.S. government has barred Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) from selling its H20 chips to China — a move that could wipe out an estimated $5.5 billion from the company's projected quarterly revenue. Nvidia shares slid nearly 7%.
Other chipmakers also felt the heat. Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dropped 6% as its MI308 chips fall under the new licensing requirements.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) sank 3.4%, extending the sector&#8217;s losses. Adding to the drag, Dutch chip equipment giant ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) missed quarterly revenue estimates, sending its shares down 5%.
On the macro front, March retail sales surprised to the upside, rising 1.4% month-over-month — topping forecasts of 1.3% and marking the strongest monthly <a href="https://www.benzinga.com/25/04/44837237/march-retail-sales-post-highest-surge-in-over-two-years-as-us-consumers-anticipate-tariff-jitters">gain since January 2023.</a>
Meanwhile, the U.S. dollar saw renewed selling pressure, with the dollar index dipping back below 100. Treasury yields were little changed, with the 10-year yield holding steady near 4.33%.
Gold continued its stellar run, surging 2.5% to a fresh record high of $3,320 per ounce as demand for safe-haven assets remains robust.
In commodities, oil prices rebounded sharply, with WTI crude climbing 2% to $62 a barrel. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also edged up 1.3% to around $84,500.
All eyes are now on Fed Chair Jerome Powell, who is set to speak at the Economic Club of Chicago later this afternoon.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,318.86</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,872.38</td>
<td>-0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,340.12</td>
<td>-1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,501.22</td>
<td>-1.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 11:30 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.9% to $532.68.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.1% to $403.09.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;tanked 1.7% to $450.31.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.5% to $185.84.</li>
<li>The&nbsp;Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.1%; the&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 2.2%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Gainers On Wednesday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>5.39%</td>
</tr>
<tr>
<td>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</td>
<td>4.33%</td>
</tr>
<tr>
<td>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)</td>
<td>4.17%</td>
</tr>
<tr>
<td>APA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>)</td>
<td>3.92%</td>
</tr>
<tr>
<td>The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>)</td>
<td>3.84%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers On Wednesday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>% Change</th>
</tr>
</thead>
<tbody>
<tr>
<td>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>)</td>
<td>-8.40%</td>
</tr>
<tr>
<td>NVIDIA Corporation </td>
<td>-6.81%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc.</td>
<td>-5.81%</td>
</tr>
<tr>
<td>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>)</td>
<td>-4.77%</td>
</tr>
<tr>
<td>The Interpublic Group of Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>)</td>
<td>-4.71%</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44832771/the-ball-is-in-chinas-court-trump-says-as-white-house-awaits-beijings-call-china-needs-to-make-a-deal-with-us">&#8216;The Ball Is In China&#8217;s Court&#8217;: Trump Says As White House Awaits Beijing&#8217;s Call — &#8216;China Needs To Make A Deal With Us&#8217;</a></li>
</ul>
Photo: Shutterstock

Asia

ASML

Nvidia Drags Wall Street Down, Gold Defies Gravity Ahead Of Powell Remarks: What's Driving Markets Wednesday?

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">79.53</td>
<td align="right">0.48</td>
<td align="right">0.60</td>
<td>91.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">80.98</td>
<td align="right">0.15</td>
<td align="right">0.18</td>
<td>2.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">81.10</td>
<td align="right">0.07</td>
<td align="right">0.08</td>
<td>6.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">137.81</td>
<td align="right">0.12</td>
<td align="right">0.08</td>
<td>1.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">77.72</td>
<td align="right">0.04</td>
<td align="right">0.05</td>
<td>3.5K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">196.2300</td>
<td align="right">-4.66</td>
<td align="right">-2.32</td>
<td>62.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">187.3000</td>
<td align="right">-1.60</td>
<td align="right">-0.85</td>
<td>8.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">91.4600</td>
<td align="right">-0.65</td>
<td align="right">-0.71</td>
<td>4.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">39.6701</td>
<td align="right">-0.17</td>
<td align="right">-0.43</td>
<td>7.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">125.9600</td>
<td align="right">-0.39</td>
<td align="right">-0.31</td>
<td>13.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.1400</td>
<td align="right">-0.13</td>
<td align="right">-0.28</td>
<td>245.2K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 16, 2025

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.221</td>
<td align="right">0.071</td>
<td align="right">0.15</td>
<td>278.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">200.270</td>
<td align="right">0.110</td>
<td align="right">0.05</td>
<td>67.9K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">81.0500</td>
<td align="right">-0.420</td>
<td align="right">-0.52</td>
<td>4.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">78.8700</td>
<td align="right">-0.300</td>
<td align="right">-0.38</td>
<td>46.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">126.5200</td>
<td align="right">-0.460</td>
<td align="right">-0.37</td>
<td>3.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.2200</td>
<td align="right">-0.320</td>
<td align="right">-0.24</td>
<td>5.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">77.5506</td>
<td align="right">-0.139</td>
<td align="right">-0.18</td>
<td>3.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">81.5900</td>
<td align="right">-0.130</td>
<td align="right">-0.16</td>
<td>3.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">190.0500</td>
<td align="right">-0.220</td>
<td align="right">-0.12</td>
<td>3.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">91.8700</td>
<td align="right">-0.010</td>
<td align="right">-0.02</td>
<td>2.2K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 15, 2025

U.S. stock futures were volatile on Tuesday following a two-day advance. Futures of major benchmark indices were mixed in premarket.
Donald Trump hinted at helping the car companies while talking to reporters in his Oval Office on Monday. He explained that automakers require a transition period to shift production from Canada, Mexico, and elsewhere.
&#8220;And they need a little bit of time because they're going to make them here, but they need a little bit of time. So I'm talking about things like that,&#8221; he said.
Stocks advanced for two consecutive days after he exempted smartphones, computers, and semiconductors from the reciprocal tariffs on Friday. However, he hinted that he may look at levying duties on the chips imported into the U.S. on Sunday in a Truth Social post.
The 10-year Treasury bond yielded 4.38% and the two-year bond was at 3.86%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 82.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.03%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.08%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.25%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.12%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Tuesday. The SPY was up 0.013% to $539.19, while the QQQ advanced 0.22% to $458.47, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Led by technology stocks, U.S. equities closed higher on Monday. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares surged 2.2%, and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELLL#NYSE">DELLL</a>) gained approximately 4%, contributing to a roughly 1% rise in the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
Financials presented a mixed picture, with Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) reporting stronger-than-anticipated first-quarter earnings, while M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) posted weaker-than-expected results.
Real estate, utilities, and consumer staples sectors recorded the most significant gains on Monday. Conversely, consumer discretionary stocks trended lower.
As of Monday&#8217;s close, the Dow Jones index was 10.1% lower than its 52-week high of 45,073.63 points. The S&amp;P 500 index was 12.06% lower than its previous high of 6,147.43 points, and the Nasdaq 100 index was down 15.42% from its last record high of 22,222.61 points.
The Dow Jones index climbed 312 points or 0.78% to 40,524.79, whereas the S&amp;P 500 index advanced 0.79% to 5,405.97. Nasdaq Composite rose to end 0.64% higher at 16,831.48, and the small-cap gauge, Russell 2000, jumped 1.11% to 1,880.88.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.64%</td>
<td>16,831.48</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.79%</td>
<td>5,405.97</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.78%</td>
<td>40,524.79</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.11%</td>
<td>1,880.88</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ark Invest CEO Cathie Wood said that she sees a &#8220;light at the end of the tunnel,&#8221; despite the ongoing<a href="https://www.benzinga.com/government/regulations/25/04/44807265/cathie-wood-says-shock-therapy-from-trumps-trade-moves-may-end-prolonged-economic-slump"> tariff turmoil</a>. According to Wood, tariffs could be the catalyst to end a three-year "rolling recession."
She said that Trump&#8217;s decision to bring Treasury Secretary Scott Bessent into the process indicates a move to reduce both tariffs and non-tariff trade obstacles. She contends this shift wouldn&#8217;t have occurred without the initial &#8220;shock therapy&#8221; of aggressive trade measures.
The slowdown caused by the tariff introduction will give the administration and the Federal Reserve "more degrees of freedom to stimulate than most investors have been expecting,&#8221; she said.
This will create a "clarion call" for tax cuts, deregulation, and lower interest rates, ultimately paving the way for economic recovery, Wood added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While the last two weeks of tariff turmoil have been challenging for financial markets, we see light at the end of the tunnel! <a href="https://t.co/cexMNdtbLp">https://t.co/cexMNdtbLp</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1911969728337186973?ref_src=twsrc%5Etfw">April 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The analysts at BlackRock extended their tactical horizon back to six to 12 months and resumed their positive view on U.S., while still expecting the &#8220;ongoing risk asset volatility and potentially sharp reversals.&#8221;
Spiking yields in long-term U.S. Treasuries seemed to be a factor in the change in tariff tactics, the weekly note stated.
&#8220;We stay underweight long-term Treasuries, our highest conviction view: tariffs are likely to add to already sticky inflation, and congressional budget plans last week reinforce the outlook for persistent budget deficits. We favor gold instead as a portfolio diversifier.&#8221;
According to BlackRock, the broad-based equity selloff has created opportunities to tap into certain sectors, and &#8220;selectivity is key.&#8221;
&#8220;We still like U.S. technology benefitting from the AI buildout and adoption. We also favor global banks. That includes U.S. banks given the scope for deregulation even with some potential economic pain.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Tuesday:
<ul>
<li>March&#8217;s import price index data and April&#8217;s Empire State manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) rose 1.09% in premarket on Tuesday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $1.85 per share on revenue of $21.29 billion.</li>
</ul>
<ul>
<li>Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) was down 0.29% as Wall Street expects it to report earnings of $2.60 per share on revenue of $21.58 billion before the opening bell.</li>
</ul>
<ul>
<li>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) was up 0.76% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 82 cents per share on revenue of $26.99 billion.</li>
</ul>
<ul>
<li>United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) declined 0.12% as Wall Street expects it to report earnings of 76 cents per share on revenue of $13.26 billion after the closing bell.</li>
</ul>
<ul>
<li>Telefonaktiebolaget LM Ericsson ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) jumped 6.17% after reporting that its first-quarter adjusted operating earnings, excluding restructuring charges, jumped 44% year-over-year to 6.2 billion Swedish crowns ($636 million).</li>
</ul>
<ul>
<li>Lowe&#8217;s Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) advanced by 0.58% as it announced the purchase of an interior design company, Artisan Design Group, for $1.3 billion.</li>
</ul>
<ul>
<li>ARB IOT Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) surged 33.83% after securing a $53 million deal to provide AI servers to Whizzl Group, boosting its AI infrastructure presence and strengthening its position in the AI and data center markets.</li>
</ul>
<ul>
<li>Geovax Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>) slumped 34.57% after it was directed by the Biomedical Advanced Research and Development Authority on April 11 to halt its Phase 2b COVID-19 vaccine trial.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.29% to hover around $61.35 per barrel.
Gold Spot US Dollar advanced 0.46% to hover around $3,223.97 per ounce. Its fresh record high stood at $3,245.84 per ounce. The U.S. Dollar Index spot was lower by 0.06% at the 99.585 level.
Asian markets rose on Tuesday, including India's S&amp;P BSE Sensex, China&#8217;s CSI 300, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index. European markets were also higher in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44807265/cathie-wood-says-shock-therapy-from-trumps-trade-moves-may-end-prolonged-economic-slump">Cathie Wood Says &#8216;Shock Therapy&#8217; From Trump&#8217;s Trade Moves May End Prolonged Economic Slump</a></li>
</ul>
Image Via Shutterstock

General

ARBB

DELLL

ERIC

GOVX

US Stock Futures Waver After Two-Day Rally: Trump's Tariff Moves Could End A 3-Year 'Rolling Recession,' Says Expert

Market Summary

Benzinga Market Summary: Tech Stocks Gain On Electronics Reciprocal Tariff Exemption, Goldman Sachs Beats Q1 Estimates, Oil Falls

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">204.00</td>
<td align="right">5.65</td>
<td align="right">2.84</td>
<td>87.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">80.34</td>
<td align="right">1.45</td>
<td align="right">1.83</td>
<td>126.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">192.16</td>
<td align="right">2.44</td>
<td align="right">1.28</td>
<td>5.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.22</td>
<td align="right">0.55</td>
<td align="right">1.17</td>
<td>314.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">126.98</td>
<td align="right">1.31</td>
<td align="right">1.04</td>
<td>9.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">81.33</td>
<td align="right">0.83</td>
<td align="right">1.03</td>
<td>324</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.96</td>
<td align="right">0.64</td>
<td align="right">0.83</td>
<td>6.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.00</td>
<td align="right">1.13</td>
<td align="right">0.82</td>
<td>6.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">91.87</td>
<td align="right">0.60</td>
<td align="right">0.65</td>
<td>2.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">80.47</td>
<td align="right">0.12</td>
<td align="right">0.14</td>
<td>36.9K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">38.86</td>
<td align="right">-0.06</td>
<td align="right">-0.16</td>
<td align="right">647</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 14, 2025

Goldman Sachs analysts swiftly raised their earnings forecasts for top U.S. tech giants after a surprise weekend decision from the White House shielded key electronics from steep new <a href="https://www.benzinga.com/markets/25/04/44777482/trump-tariff-wars-chinas-new-rule-to-exempt-nvidia-qualcomm-and-others-from-levies-but-these-chip-companies-will-be-hit-with-125-tariffs">tariffs on Chinese imports.</a>
In a note shared Monday, analyst Michael Ng said U.S. Customs and Border Protection issued guidance late Friday clarifying that 20 tech product categories—including smartphones, servers, routers, solid-state drives and semiconductor equipment—would be exempt from the sweeping 125% tariffs imposed on Chinese goods. 
The exemptions apply retroactively to April 5 and may soften the blow for key hardware manufacturers facing escalating trade tensions.
<h3 class="wp-block-heading">Apple, Dell, HP Get A Reprieve</h3>
Goldman Sachs reversed recent estimate cuts on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>). 
"These adjustments largely reverse the estimate cuts we made on April 7," Ng said, tying the swing directly to the reversal in tariff policy.
Thanks to improved gross margins, Goldman now sees stronger profitability ahead for these firms.
According to the investment bank, the move is particularly favorable for smartphone, PC, server and networking equipment makers. Still, the bank stopped short of sounding the all-clear, saying that "ongoing uncertainty in trade policy and growth" continues to pose a risk to the sector.
Apple received one of the largest upgrades. Goldman lifted its 12-month target price from $242 to $259 and increased projected earnings per share for fiscal years 2025 through 2027 by 6% on average, with estimates now at $7.37, $8.27 and $9.24, respectively. The revised valuation assumes a 30-times multiple on earnings one year forward, consistent with prior models.
Shares of the Cupertino-based iPhone maker climbed 5.5% in Monday&#8217;s premarket session, nearly reversing the losses it suffered following Donald Trump&#8217;s tariff announcement on April 2. 
Dell also saw a notable earnings bump. Goldman raised its fiscal 2026 EPS forecast from $7.57 to $9.13 and reiterated a target price of $95. That reflects a 9-times multiple on forward earnings, unchanged from previous assumptions.
Dell Technologies Inc. jumped 6%, also reclaiming ground lost earlier this month.
For HP Inc., while the rating remained Neutral, Goldman increased its fiscal 2025 and 2026 EPS projections by 10% on average, now forecasting $3.48 and $3.52. The 12-month price target holds steady at $27, based on a 7.5-times forward earnings multiple.
Hewlett Packard Enterprise Co. gained 4%, while HP Inc. advanced 3.7%.
The broader Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)&nbsp;rose 2.1% by 8:00 a.m. ET. 
<h3 class="wp-block-heading">Why These Products Matter</h3>
The products now exempted from tariffs make up a significant chunk of the U.S.-China tech trade.
Data from the International Trade Centre show the U.S. exported $15 billion worth of electrical goods to China in 2024, along with $8.7 billion to Hong Kong and $7.3 billion to Taiwan. Smartphone exports alone totaled $5.6 billion to Greater China.
Imports, however, dwarf those figures. Last year, the U.S. imported $159 billion of related electronics from China and its territories, including $58.9 billion worth of smartphones.
These figures underline how deeply intertwined the two economies remain—particularly in the tech supply chain. 
Before the latest White House decision, some experts estimated the price of a brand-new iPhone 16 Pro could have surged past $2,250—a jump of roughly 60%.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44784107/us-stocks-likely-to-open-higher-expert-says-the-selling-pressure-is-starting-to-be-exhausted">US Stocks Likely To Open Higher: Expert Says &#8216;The Selling Pressure Is Starting To Be Exhausted&#8217;</a></li>
</ul>
Photo: Shutterstock

DELL

Goldman Sachs Cheers China Tariff Exemptions, Lifts Earnings Forecasts For Apple, Dell, HP

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">135.73</td>
<td align="right">0.84</td>
<td align="right">0.62</td>
<td>9.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">78.64</td>
<td align="right">0.46</td>
<td align="right">0.58</td>
<td>5.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">90.91</td>
<td align="right">0.41</td>
<td align="right">0.45</td>
<td>6.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">77.33</td>
<td align="right">0.35</td>
<td align="right">0.45</td>
<td>134.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">188.60</td>
<td align="right">0.70</td>
<td align="right">0.37</td>
<td>7.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">123.84</td>
<td align="right">0.35</td>
<td align="right">0.28</td>
<td>4.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">194.87</td>
<td align="right">0.50</td>
<td align="right">0.25</td>
<td>91.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">79.45</td>
<td align="right">0.10</td>
<td align="right">0.12</td>
<td>1.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">38.42</td>
<td align="right">0.04</td>
<td align="right">0.10</td>
<td>8.5K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">45.83</td>
<td align="right">-0.08</td>
<td align="right">-0.18</td>
<td>850.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">75.37</td>
<td align="right">-0.03</td>
<td align="right">-0.04</td>
<td>41.9K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 11, 2025

WIIM

AKAM

APPS

CDNS

CMTL

COHR

CSAI

DATS

ENPH

ENTG

FSLY

GDDY

GOOG

GOOGL

iShares Dow Jones US Technology Sector Index Fund

LAES

LDTC

LITE

LMFA

MASS

MPWR

MRVL

NTNX

OKTA

OLED

OUST

PCOR

Penguin Solutions, Inc. - Ordinary Shares

PENG

PRSO

QCOC

RDZN

SAIL

SEDG

SHOP

SNCR

SNOW

SNPS

STAI

ZETA

Shares of technology stocks are trading lower amid an overall market reversal following Wednesday's surge.

After a spectacular risk-on rally on Wednesday, Wall Street sharply pulled back during Thursday's trading, as investors digested the 90-day tariff pause and weighed lingering economic <a href="https://www.benzinga.com/news/econ-s">risks to the outlook.</a>
Even a sharply lower-than-expected inflation report did little to support risk sentiment — a testament to how susceptible investors <a href="https://www.benzinga.com/news/econ-s/25/04/44733390/march-inflation-rate-cools-far-more-than-expected-raises-hopes-for-near-term-fed-rate-cuts">remain to economic uncertainty.</a>
The Consumer Price Index fell from 2.8% year-over-year in February to 2.4% in March, below expectations of 2.6% and marking the lowest reading since September 2024. On a monthly basis, inflation was negative by 0.1% — the first decline since May 2020.
While the data bolstered the case for near-term Fed rate cuts — markets are pricing in an 88% chance of a 0.25% move by June — traders remained cautious amid the ongoing tariff drama.
Read Also: <a href="https://www.benzinga.com/25/04/44740737/inflation-cools-but-too-soon-to-blow-the-all-clear-economist-says">Inflation Cools, But &#8216;Too Soon To Blow The All Clear,&#8217; Economist Says</a>
The S&amp;P 500 dropped 4.8% by midday in New York, erasing about half of Wednesday's historic gains, which had marked the index&#8217;s strongest rally since 2008. The Nasdaq 100 tumbled 5.4%, while small caps in the Russell 2000 sank 5.3%.
Despite the pullback in equities, traditional safe havens like Treasuries and the dollar also fell, raising concerns about waning international confidence in U.S. assets.
The U.S. dollar index — as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) — nosedived 2% to the 101 level, its lowest since late September 2024.
Yields on 30-year Treasuries surged by 11 basis points to 4.85%, as bond vigilantes appeared to reassert themselves —effectively flashing red signals in Washington.
Meanwhile, gold continued to deliver stellar returns, with bullion hitting fresh record highs of $3,175 per ounce, up 2.4% on the day. Over the past two sessions, gold has rallied nearly 6%, the biggest two-day gain since March 2020.
On Thursday, the White House announced that the actual tariff rate on Chinese imports will be 145%. Meanwhile, the U.S. House of Representatives passed a budget plan extending the Trump-era tax cuts. Trump welcomed the news, saying it laid the groundwork for what he called "the largest tax and regulation cuts&#8221; in American history.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,976.38</td>
<td>-4.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,193.60</td>
<td>-4.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,810.18</td>
<td>-5.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,119.84</td>
<td colspan="2">-5.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 12:05 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 5.2% to $517.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 4% to $389.66.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;sunk 5.5% to $440.99.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 5.3% to $179.66.</li>
<li>S&amp;P 500 sectors with largest drops were Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), down 6.7%; Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), down 6% and Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), down 5.8%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stocks Movers</h1>
<ul>
<li>There were only 22 gainers within the S&amp;P 500, with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) rallying 3.3%, amid rising gold prices. </li>
<li>Major losers included CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) down 20%, Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), down 14%, and Celanese Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>), down 14%. </li>
<li>Magnificent Seven were all trading deeply in negative territory, with the group shedding nearly a trillion of combined market value. </li>
</ul>
<h1 class="wp-block-heading">Top U.S. Tech Stocks by Market Cap Loss – April 10, 2025</h1>
<ul>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Market Cap Loss: $209.24 billion Daily Change: -7.50%</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Market Cap Loss: $181.32 billion Daily Change: -6.07%</li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Market Cap Loss: $129.62 billion Daily Change: -6.40%</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Market Cap Loss: $124.82 billion Daily Change: -4.30%</li>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Market Cap Loss: $102.56 billion Daily Change: -6.91%</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Market Cap Loss: $87.47 billion Daily Change: -9.99%</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Market Cap Loss: $79.85 billion Daily Change: -4.10%</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44710975/wall-streets-american-exceptionalism-trade-falters-as-dollar-stocks-bonds-all-slide">Wall Street&#8217;s &#8216;American Exceptionalism&#8217; Trade Falters As Dollar, Stocks, Bonds All Slide</a></li>
</ul>
Photo: Shutterstock Professional via Shutterstock

Commodities

Treasuries

MCHP

TSLA

PowerShares DB US Dollar Index Bullish Fund

Wall Street Tumbles, Dollar Crashes, Gold Hits Record Highs As Inflation Cools More Than Predicted: What's Driving Markets Thursday

The Hang Seng Index briefly crossed into bear market territory at one point on Wednesday, losing over 20% from its recent high following the U.S.&#8217;s escalation of tariffs on Chinese imports. 
Although the index pared some of the losses on Thursday with 2.1% gains after President Donald Trump decided on a 90-day pause, the shockwaves are being felt across a variety of <a href="https://www.benzinga.com/etfs">U.S.-listed ETFs</a>, focusing investor attention on trade-sensitive assets.
Also Read: <a href="https://www.benzinga.com/25/04/44730527/bill-ackman-feels-the-sting-pershing-square-portfolio-down-14-ytd-amid-tariff-volatility">Bill Ackman Feels The Sting: Pershing Square Portfolio Down 14% Year-To-Date Amid Tariff Volatility</a>
<h1 class="wp-block-heading">ETFs Under Pressure</h1>
Direct exposure to Hong Kong has taken a tangible dent. The iShares MSCI Hong Kong ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWH#NYSE">EWH</a>), which tends to follow closely the performance of the Hang Seng, has tracked the index&#8217;s sharp depreciation over recent weeks. The fund has declined 12.26% in the past month. The ETF&#8217;s decline is reflective of investor disappointment in the region&#8217;s prospects for growth, as well as general concern regarding the build-up of geopolitical tensions.
But the effect extends well beyond Hong Kong-centric funds. A number of ETF categories with indirect exposure to China or global trade patterns are exhibiting signs of strain:
Emerging Market ETFs (Ex-China) such as the iShares Core MSCI Emerging Markets ex China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMXC#NASDAQ">EMXC</a>) have experienced renewed popularity as investors attempt to avoid direct Chinese equity risk. Yet these funds are still exposed to general macroeconomic weakness due to the trade war. The shares in the fund have collectively declined about 3.4% over the past month.
Global Equity ETFs like the Vanguard Total World Stock ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VT#NYSE">VT</a>) and iShares MSCI ACWI ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACWI#NASDAQ">ACWI</a>) are not isolated either. They both have positions in Chinese and Hong Kong equities, and although their diversification helps take the sting, the Asian equities pullback is starting to take its toll on overall return.
Also Read: <a href="https://www.benzinga.com/25/04/44721421/exclusive-from-corn-to-crypto-teucrium-ceo-talks-strategy-risk-and-the-launch-of-xxrp">Exclusive: From Corn To Crypto &#8211; Teucrium CEO Talks Strategy, Risk And Launch Of XXRP</a>
U.S. Sector ETFs are also responding to the escalating tension.
Technology ETFs such as SPDR Select Sector Fund &#8211; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NASDAQ">XLK</a>) are at risk from China&#8217;s revenue and supply chain disruptions. In the past four weeks, the fund has declined more than 6%.
Industrial ETFs such as the SPDR Select Sector Fund &#8211; Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) might be hit if Chinese tariffs bear on U.S. exports of manufacturing or essential imported parts.
Agricultural ETFs like the Invesco DB Agriculture Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBA#NYSE">DBA</a>) might be hurt if China retaliates by restricting purchases of U.S. agricultural products.
<h1 class="wp-block-heading">Market Fallout </h1>
The Hang Seng&#8217;s brief plunge into bear market range — its most steep drop in more than a year — has increased worries about global economic stability. Washington&#8217;s <a href="https://www.benzinga.com/topic/tariffs">plan to add tariffs</a> on a wide range of Chinese merchandise ignited the decline in the index, which invited a retaliatory response from China — an 84% tariff on U.S. goods.
Although the initial impact has been on Chinese and Hong Kong markets, the wider implications are difficult to avoid. Investors can now expect greater market volatility as news surrounding trade talks continues to influence sentiment.
Possible further <a href="https://www.oecd.org/en/about/news/press-releases/2025/03/global-economic-outlook-uncertain-as-growth-slows-inflationary-pressures-persist-and-trade-policies-cloud-outlook.html">slowing </a>of global growth, particularly if extended trade barriers limit cross-border investment and disrupt supply chains, are also on the cards.
Inflationary pressures within the U.S., with tariffs elevating the price of imported merchandise, can also potentially make the policy course of the Federal Reserve more challenging.
As trade tensions intensify, the performance of region-specific and sectoral ETFs provides a window into how markets are pricing in risk. With the Hang Seng&#8217;s fall serving as a canary in the coal mine, investors might need to rethink their allocations and brace for extended turbulence in the coming months.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44730455/bearish-sentiment-hits-7-week-high-mimicking-35-year-old-record-which-marked-the-bottom-of-the-october-1990-bear-market">Bearish Sentiment Hits 7-Week High, Mimicking 35-Year Old Record Which Marked The Bottom Of The October 1990 Bear Market</a></li>
</ul>
Photo: Shutterstock

Global

ACWI

EMXC

Hang Seng Skids Into Bear Zone As US-China Tariff War Rattles Global ETFs

No gainer in today's Pre-market session. 
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">198.5800</td>
<td align="right">-5.28</td>
<td align="right">-2.60</td>
<td>83.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">80.3900</td>
<td align="right">-1.97</td>
<td align="right">-2.40</td>
<td>136.2K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">191.4700</td>
<td align="right">-4.07</td>
<td align="right">-2.09</td>
<td>14.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">91.9297</td>
<td align="right">-1.81</td>
<td align="right">-1.94</td>
<td>13.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">79.2300</td>
<td align="right">-1.53</td>
<td align="right">-1.90</td>
<td>6.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">124.8300</td>
<td align="right">-1.93</td>
<td align="right">-1.53</td>
<td>44.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">46.6600</td>
<td align="right">-0.57</td>
<td align="right">-1.21</td>
<td>823.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">38.7600</td>
<td align="right">-0.45</td>
<td align="right">-1.15</td>
<td>2.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">75.5500</td>
<td align="right">-0.42</td>
<td align="right">-0.56</td>
<td>9.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.0100</td>
<td align="right">-0.75</td>
<td align="right">-0.55</td>
<td>35.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">79.0400</td>
<td align="right">-0.27</td>
<td align="right">-0.35</td>
<td>10.7K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Leading And Lagging Sectors For April 10, 2025

Shares of tech companies soared following President Donald Trump's announcement that he will place a 90-day pause on tariffs for countries that have not retaliated against U.S. trade measures. Markets rose on the news, driven<a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty"> higher by tech stocks. </a>
The Details: Technology was the top performing sector in the S&amp;P 500 on Wednesday with the Technology SPDR Select Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) gaining 13.43% in the session. Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), the fund's largest holding, rose 10.13% and its second-largest holding, Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), climbed 15.33% in its best one-day performance since 1998. 
Read Next: <a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars">Elon Musk Calls Trump Trade Advisor Peter Navarro &#8216;Dumber Than Sack Of Bricks,&#8217; Defends Tesla As &#8216;Most American-Made Cars&#8217;&nbsp;</a>
The sector's top two gainers were both chip stocks, with Microchip Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 27.05% and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), which gained 23.82% in the tech-fueled rally. 
Other notable gainers in the sector include Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), which rose 19% and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which climbed 18.72% in the session. 
Expert Ideas: Wedbush tech analyst Dan Ives said that<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains"> he expects</a> "massive negotiations" to start to pick up and noted China remains the "biggest wild card" for markets.&nbsp;
"For tech stocks, this was much-needed relief and pulls stocks and the market from the edge of the cliff, although China remains the biggest X variable related to Apple and the broader supply chain," Ives said.
Markets <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44720903/nasdaq-100-eyes-strongest-day-since-2008-as-magnificent-seven-add-15-trillion-in-historic-market-rally">shot higher</a> following Trump's announcement, with the tech-heavy Nasdaq 100 posting its best day since January 2001. 
"The market's move upward is violent, and speaks to how badly the market was looking for clarity on this issue," said Chris Brigati, chief investment officer at SWBC.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a></li>
</ul>
Photo: Shutterstock

Technology Stocks Outperform After Trump's Tariff Pause: Microchip Technology, AMD Lead Sector Higher

ARQQ

ATGL

CMBM

DGNX

FICO

GWRE

INTZ

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

QCOM

TTAN

Shares of companies in the broader technology sector are trading higher after President Trump issued a 90-day pause on reciprocal tariffs for all countries except China, which is restoring investor confidence.

Wall Street saw a tentative tech rebound early Wednesday, as investors begin to shrug off escalating U.S.-China trade tensions following <a href="https://www.benzinga.com/markets">a steep market selloff.</a>
After the Trump administration announced a dramatic hike in tariffs on Chinese goods to 104% starting Wednesday, Beijing retaliated with an 84% tariff on American products. U.S. Treasury Secretary Scott Bessent defended the aggressive trade stance, claiming the impact would ultimately backfire on China.
President Donald Trump took to Truth Social, writing, &#8220;BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!&#8221; 
He encouraged investors by stating, &#8220;this is a great time to buy, DJT,&#8221; likely referring to Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), rather than the Dow Jones Transportation Index, which has dropped 18% since the tariff news broke.
Yet, broader risk sentiment remains subdued, with investors awaiting either a softer tone from the White House or a signal from the Federal Reserve—though both hopes appear to be fading.
By mid-morning in New York, tech stocks staged a rebound, lifting the Nasdaq 100 by 0.9%. Yet, the S&amp;P 500 and Dow Jones Industrial Average remained flat, while the Russell 2000 continued to underperform.
Meanwhile, U.S. Treasuries were failing to provide their traditional safe-haven support amid heightened uncertainty and volatility.
The 10-year Treasury yield surged 10 basis points to 4.40%, triggering a sharp selloff in medium- and long-dated bonds. The popular iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 1.8%, extending its three-day slide to 6.6%—its worst performance since March 2020.
Gold prices, on the other hand, soared over 3% to $3,075 per ounce, on track for their strongest daily gain since October 2023.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also advanced, rising 1.4% to $77,289.
<h2 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,243.25</td>
<td>0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,980.40</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,576.14</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,744.85</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated by 11:25 a.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.3% up to $498.23.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% up to $376.72.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 1% to $420.50.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $173.58</li>
<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.6%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 1.9%.</li>
</ul>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Top 5 Performers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</td>
<td>38.43</td>
<td>7.11%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>82.60</td>
<td>5.62%</td>
</tr>
<tr>
<td>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>18.97</td>
<td>4.62%</td>
</tr>
<tr>
<td>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>231.56</td>
<td>4.37%</td>
</tr>
<tr>
<td>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>)</td>
<td>51.35</td>
<td>4.36%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>179.89</td>
<td>4.33%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">S&amp;P 500&#8217;s Worst 5 Losers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Last</th>
<th>Chg %</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>)</td>
<td>50.29</td>
<td>-5.24%</td>
</tr>
<tr>
<td>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>)</td>
<td>167.51</td>
<td>-4.64%</td>
</tr>
<tr>
<td>Alexandria Real Estate Equities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>)</td>
<td>73.55</td>
<td>-4.41%</td>
</tr>
<tr>
<td>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>33.49</td>
<td>-4.40%</td>
</tr>
<tr>
<td>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>54.50</td>
<td>-4.34%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/04/44710975/wall-streets-american-exceptionalism-trade-falters-as-dollar-stocks-bonds-all-slide">Wall Street&#8217;s &#8216;American Exceptionalism&#8217; Trade Falters As Dollar, Stocks, Bonds All Slide</a></li>
</ul>
Photo: Ryan DeBerardinis/Shutterstock

ABBV

INCY

SWKS

iShares Trust Barclays 20+ Year Treasury Bond Fund

Tech Stocks Rebound As US Treasuries Tumble: What's Driving Markets Wednesday?

先週8月2日に終了した週は、<a href="https://www.benzinga.com/markets/24/08/40142331/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-whats-a">テクノロジースペース</a>が下落し、テクノロジー選択セレクトセクターSPDRファンド（NYSE：<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>）が5%以上下げ、大型株企業の業績を測るS&amp;P500指数を下回った。今週、テック市場を駆りたてた要因と、これらの株が近期および中期に向けて向かっている方向をまとめた。
好悪入り乱れたテック企業の決算、地政学の影響 今週、トレーダーたちは大型テック企業による決算報告を待つ中、テック株は慎重ながらも好調な立ち上がりを見せた。しかし火曜日には、いくつかのテック決算の期待を下回る内容と、直前の好材料に対する慎重な姿勢によって大きく後退した。
Advanced Micro Devices, Inc.（AMD）（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>）からの強い決算報告によってテック株が水曜日に反発したが、マクロ観点からの懸念が木曜日に売り圧力を再び高めた。製造業と雇用市場に関する別々の報告がテック市場の悪材料となり、Meta Platform, Inc.（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>）のかなり堅調な決算をトレーダーたちがほとんど無視した結果となった。
また、金曜日のセッションにおいても売り圧力は継続した。Intel Corp.（インテル）（INTC）の決算が期待を下回ったこと、そしてNVIDIA（NVDA）の大幅下落をもたらした連邦取引委員会（FTC）による動きによって、トレーダーたちのテック株に対するリスクを取る意欲が削がれたのである。
今週のテック株売り払いに関しコメントしたWedbushアナリストのDaniel Ives氏は、「先週のよりも弱い雇用統計が恐慌的なテック企業の売りの圧力を高めた…。これによりリセッション（景気後退）の恐れが高まり、これまでにテック株が売られた嵐（カテゴリー5の売り）において、連邦準備制度が遅すぎたという懸念が高まった」と述べた。
これが今週終了の形となった主要なテック株とETFの週間の動きである。
<ul>
<li>iShares半導体ETF（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>）：-9.84％</li>
<li>Invesco QQQトラスト（QQQ）：-3.07％</li>
<li>Vanguard情報技術インデックスファンドETF株式（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>）：-4.90％</li>
<li>Direxion Daily Semiconductor Bull 3Xシェア（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NASDAQ">SOXL</a>）：-30.01％</li>
<li>T-Rex 2XロングNVIDIAデイリーターゲットETF（CBOE：NVDX）：-12.21％</li>
<li>NVIDIA：-5.12％</li>
<li>インテル：-31.48％</li>
<li>AMD：-5.35％</li>
<li>Arm Holdings plc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>）：-23.86％（一部は四半期決算の影響による）</li>
<li>Apple, Inc.（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>）：+0.87％</li>
</ul>
100銘柄の非金融テック株の動きを追跡するNasdaq100指数は、今週の売り払いの結果として修正相場の地域に入った。 7月11日の最高値（18,671.07）から、Nasdaq100は10％以上の値を下げた。最近の高値から10％以上下落することを、株式市場の用語で「修正相場」と呼ぶ。
次に見るべきは
出来事 Ives氏は、このテック株の牡牛相場と史上最長のテック株相場が終わったわけではないと主張している。 「これは、テック株を握るために必要な多年にわたる牡牛相場の最中における緊張感の瞬間に過ぎない」と彼は述べた。
アナリストは、18ヵ月後にはソフトランディングが行われ、連邦準備制度によって大幅な利下げサイクルが始まると予想している。
Ives氏のテック株に対する楽観論は、人工知能技術への信頼に基づいている。
「我々は強く信じています。これは4回目の産業革命を推進する1兆ドル規模のAI Cap Exサイクルの序盤にすぎません。これにより、テックエコシステム全体での加速された成長率が長年続くことになるのです」と彼は述べた。
この6月の四半期決算シーズンにおいて、Wedbushの牡牛相場に関する論文は実証され、大規模なクラウドビルドアウトのフィールドチェックが行われた、とIvs氏は言う。
「米国の消費者が弱体化し始めている（Amazonの消費者は軟調な決算）という懸念や恐怖が明らかになりました。連邦準備制度は手遅れになってしまった。結局は強制的なリセッションが再びやってきてしまう可能性があるのです。それにも関わらず、我々はテック支出と、まだ9イニングゲームの2イニング目にある大規模なAIテクノロジービルダウトの中心になる勝者に焦点を当てています」と彼は続けた。
メガキャップ企業にとっては否定的な連邦準備制度の利下げの見通しが、SMIDキャップのテック株にとっては健康的なものとなるかもしれない。 また、大統領選挙の後の規制の話題も、今回の売り払いを後押しした。共和党勝利の見通しは、多くの人々にとってはより厳格な規制環境が訪れることを意味するからだ。
Palantir Technologies, Inc.（PLTR）は、AIによる機能を活かしており、報告書によれば<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40129511/palantir-faces-critical-prove-me-moment-analyst-says-commercial-growth-will-be-star">今週の発表の中で、AIの波の強さに関する洞察を提供する可能性があります</a>。経済面では、2つのサービスセクターの活動読み、それに雇用の動向の読み取りが注目されるところです。
金曜日のセッションの終値は、<a href="https://benzinga.grsm.io/register174">Benzinga Proのデータによると</a>448.75ドル、2.37％下げて終了した。
次を読む: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40116376/apple-q3-earnings-beat-expectations-tim-cook-highlights-breakthrough-ai-platform-installed-base-of-">AppleのQ3決算は予想を上回り、Tim Cookが「画期的な」AIプラットフォームを強調：デバイスの設置ベースが過去最高に到達、ただし中国収益は低下</a></li>
</ul>

大型企業株　S&P500株をSPDRファンドが下回る

半導体企業であるNVIDIA Corporation（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>）の企業価値は、2023年5月の1兆ドルから、<a href="https://www.benzinga.com/news/23/05/32630114/nvidia-becomes-ninth-company-to-hit-1-trillion-market-cap-who-could-be-next-to-join-elusive-club">2024年6月時点で3兆ドルを超えて急増しています。</a>
2024年6月18日現在、Nvidiaが史上最も価値のある企業としての地位を確立する中、同社がリテール投資家にとってアップルとの差を見てみましょう。
出来事 Nvidiaは<a href="https://www.benzinga.com/news/earnings/24/05/38974130/nvidia-reports-beat-and-raise-q1-announces-150-dividend-hike-10-for-1-stock-split">強力な四半期業績とガイダンスを発表しました</a>。最近の株式分割が株式に対する期待をさらに高め、多くの投資家にとって大量の株式にアクセスしやすくなりました。
最近数ヶ月間で、NvidiaはApple Inc（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>）およびマイクロソフト（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) の時価総額に迫っており、ついに先週火曜日には世界で最も価値のある企業となりました。
このタイトルが一時的なものであったか、それとも新たな時代の幕開けを意味していたかはともかく、同社の株式パフォーマンスは過去1年間と5年間にわたって顕著なものとなっています。
米国のマーケット情報プラットフォーム、ビンザンガは最近、世界最大の2社の企業に対する総合的な関心を測定するため、AppleまたはNvidiaに投資するかどうかの意見をソーシャルメディアプラットフォームXのフォロワーに<a href="https://x.com/Benzinga/status/1801253653350646184">尋ねました</a>。
この投票の結果は以下の通りでした。
<ul>
<li>Apple 40.5％</li>
<li>Nvidia 59.5％</li>
</ul>
投票結果、Nvidiaが約60％の投票率で勝利し、数年間世界で最も価値のある企業の一つとなったAppleを打ち負かしました。
ユーザーである＠hataf_newsは、投票に対し「NVDA。彼らはAppleよりもはるかに速いペースで革新を続けています。さらにAIのハイプもあるので、これは億万長者メーカーです」と回答しました。
過去1年間および5年間のアップルの株式パフォーマンスはNvidiaに劣りましたが、多くの投資家が依然としてiPhoneメーカーを支持しています。
ユーザーである@UltimateTrad8rは、この投票に対し「長期的には、競合企業が出てきたとしても、Appleと共に成長してくれたことは間違いない」と回答しました。
先日、Technology Select Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>）はNvidiaのウェイトを約20％にしてアップルを上回る投資家を作るため、リバランスし、<a href="https://www.benzinga.com/news/24/06/39368302/state-street-technology-etf-to-put-nvidia-before-apple-in-revamp">Nvidiaを世界で最も価値のある企業の1つとしました。</a>

今月末には、Apple Inc.（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPL#NASDAQ">APPL</a>）の損失により<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39352242/nvidia-is-sucking-the-oxygen-out-of-the-room-wealth-manager-says-stocks-with-good-f">NVIDIA社</a>（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>）への露出を増加させる可能性があり、その結果、取引高が急拡大する可能性があります。
木曜日、Nvidiaの時価総額がAppleを上回った後、State Street Capital Advisorsは、同社が所有する710億ドルのTechnology Select Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>）の構成を再編する予定です。
State StreetはNvidia株を110億ドル、Apple株を120億ドル購入する見込みで、この分割売却額は過去3ヶ月間のApple株の1日平均売買額と等しい金額ですと<a href="https://www.bloomberg.com/news/articles/2024-06-17/big-reshuffle-of-71-billion-etf-looms-as-nvidia-surpasses-apple">Bloomberg</a>が報告しています。
米投資情報会社S＆P 500情報技術指数によると、ETF内でAppleとNvidiaの立場が逆転し、前者の株式比率は4.5％に低下し、後者は20％を超えて上昇します。
同社の報告によると、これはETF内でAppleとNvidiaのポジションを逆転させ、Appleのウェイトが4.5％に低下し、Nvidiaが20％を超えると、この問題に詳しい市場参加者によって計算されたものです。
Matt Bartolini氏、State StreetのSPDRアメリカリサーチ責任者は、同ETFは規則と方法論に従ってリバランスが必要ですと述べました。同ETFはS&amp;Pベンチマークを追跡し、分散規則に準拠する必要があります&lt;Bloombergの報告によります。
先週末にBloomberg Newsが見た文書によると、S＆Pは今月末にセクターウェイトを発表する際に例外を設ける可能性があると判断しているため、これを理解することができます。
Bloombergが報告した6月のリバランスに関する説明書によると、S&amp;Pは例外が必要な場合、方法論を適用する際に、一般的に記載された規則や補足資料と異なる場合、できるだけ早く通知することをクライアントに約束しています。
S&amp;Pは、金曜日までの毎日、セクター指数のリバランスに関連する所謂プロフォーマ文書をクライアントに送ると述べました。
月曜日、Technology Select Sector SPDR Fundは1.52％上昇し、231.12ドルで終了しました。一方、同日、Nvidia Corpは0.68％下落し、130.98ドルで一日を終えました。 さらに、月曜日、Apple Inc。は1.97％上昇し、216.67ドルで終了しました。

ダウ工業株30種平均は0.7％低下し、19,076.80ポイント、S&amp;P 500 は5,348.59ドル（0.2％減）となり、ナスダック総合株価指数は38,578.53ドル（0.7％減）で推移しています。
市場全体の下落にもかかわらず、テクノロジー株重視のナスダック100は、アップル（NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>）の強い株価値上がりによって損失を免れました。ナスダック100は0.0％となっています。米国時間６月22日の日中取引で、アップルの株価は値上がりし、1株につき149.15ドルで取引されています。 カリフォルニア州クパチーノに本社を置くiPhone製造会社の株価は5.9％上昇し、4か月ぶりの高値を記録しました。この数日の先行エントリーは、火曜日に開催されたWWDC（Appleの開発者向けカンファレンス）のイベントに続くものです。
ダウを構成する銘柄は0.7％減少しましたが、スモールキャップ株は1％減少しています。米国債の利回りはほとんど変わらず、10年債利回りは4.46％のままです。
コモディティ市場では、金は0.2％、銀は1.9％下落し、一方でウェストテキサス中級原油（WTI）の相場は１バレル77ドルで横ばいです。
ビットコイン（暗号資産：<a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>）はこの日最大の下落率を記録し、66500ドルまで4％以上下落し、4月下旬以来の最も低い株価を記録しています。
<h3 class="wp-block-heading">主要米国株指数ETFの今日の動き</h3>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>主要指数</td>
<td>価格</td>
<td>日中騰落率</td>
</tr>
<tr>
<td>ナスダック100</td>
<td>19,076.80</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,348.59</td>
<td>-0.2%</td>
</tr>
<tr>
<td>ダウ工業株</td>
<td>38,578.53</td>
<td>-0.7%</td>
</tr>
<tr>
<td>ラッセル2000</td>
<td>2,018.79</td>
<td>-1.0%</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">米国東部時間12:55に更新</figcaption></figure>
<a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>のデータによれば：
<ul>
<li> SPDR S&amp;P 500 ETF トラスト（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>）が534.10ドル（0.3％減）で推移しました。</li>
<li> SPDR ダウ工業株 ETF（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>）が0.7％低下し、1株当たり386.43ドルで取引されています。</li>
<li>投資信託（ETF）部門では、Invesco QQQ トラスト（ARCA：QQQ）が464.60ドルの水準を維持しています。</li>
<li>部門別では、テクノロジーをテーマにしたSelect Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>）の株価は1％上昇し、ファイナンシャルをテーマにしたSelect Sector SPDR Fund（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>）の株価は1.5％下落しました。</li>
</ul>
<h3 class="wp-block-heading">その他の株式動向</h3>
<ul>
<li>FMC Corp.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>）の株価は最高経営責任者兼社長に前任者が復帰したことで3.5％上昇しました。</li>
<li>NextEra Energy Inc（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>）の株価は6.7％下落し、1株あたり196.16ドルで取引されています。同社は弱い業績見通しを発表した結果、2023年10月以来の最悪の日中取引を予測しています。</li>
<li>State Street Corp.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>）とBlackRock Inc.（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>）の株価はそれぞれ4.5％減と1.7％減となりました。これは、米国議会の委員会が環境に関連した共謀を画策していると発表したウォールストリート最大の企業に対する告発があったためです。</li>
<li>Affirm Holdings Inc. （NASDAQ：<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>）の株価は8％以上上昇し、1株あたり57.79ドルで取引されました。これはアップルが今年後半に同社の製品をApple Payに含めることを発表した後の動きです。</li>
<li>DXC Technology Company（NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXC#NYSE">DXC</a>）は、Apollo Global ManagementとKyndryl Holdingsからの買収提案を受けて11.5％上昇しました</li>
</ul>
今すぐ読む： <a href="https://www.benzinga.com/markets/equities/24/06/39272106/affirm-soars-after-apple-partnership-announcement-what-it-means-for-users">アップルとの提携発表後、Affirmの株価が飛躍：ユーザーにとって意味すること</a>

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