Major US stock indices are closing lower on the day, but well off the lowest levels. A late day fall in crude oil from a high of $82.16 down to the current level is $79.65 helped to shift the bias on hopes the worst has passed.
Looking at the major indices:
- Dow industrial average fell 784.67 points or -1.61% at 47954.74. At session lows the index was down 1162 points.
- S&P index fell -38.79 points or -0.56% at 6830.71. At session lows the index is down -98.72 points.
- NASDAQ index fell -58.50 points or -0.26% at 22748.99. At session lows, the index was down -307.19 points.
- Russell 2000 fell -50.43 points or -1.91% at 2585.57. At session lows, the index was down -75.01 points.
S&P components from strongest to the weakest.
| Rank | Symbol | Sector | Price | Change | Chg% | Assessment |
|---|---|---|---|---|---|---|
| 1 | SPN | Energy | 862.32 | +5.04 | +0.59% | 🟢 Best performer |
| 2 | S5COND | Consumer Discretionary | 1,864.51 | +4.81 | +0.26% | 🟢 Slight gain |
| 3 | S5INFT | Information Technology | 5,446.28 | +20.99 | +0.39% | 🟢 Tech holding |
| 4 | SPF | Financials | 850.40 | −4.23 | −0.49% | 🟡 Minor dip |
| 5 | S5TELS | Communication Services | 448.91 | −2.95 | −0.65% | 🟡 Mild weakness |
| 6 | S5UTIL | Utilities | 474.39 | −3.65 | −0.76% | 🟡 Slight softness |
| 7 | S5REAS | Real Estate | 274.89 | −2.81 | −1.01% | 🟡 Moderate pullback |
| 8 | S5HLTH | Health Care | 1,791.79 | −36.20 | −1.98% | 🔴 Notable selloff |
| 9 | S5CONS | Consumer Staples | 951.07 | −23.68 | −2.43% | 🔴 Sharp drop |
| 10 | S5INDU | Industrials | 1,454.60 | −32.81 | −2.21% | 🔴 Hard hit |
| 11 | S5MATR | Materials | 639.47 | −14.84 | −2.27% | 🔴 Weakest area |
🟢 Only 3 sectors green today: Energy, Tech, and Consumer Discretionary — a somewhat unusual combination.
Energy and Tech both gaining while most cyclicals fall suggests oil price support may be driving Energy independently of broader macro sentiment.
The winner/loser split makes the story clearer:
- 3 sectors up, 8 sectors down — this is actually a broadly negative day for the market, with selective pockets of strength
- The average decline across losing sectors is around −1.5% — meaningful across the board
Bottom line: This is a more bearish day than the first breakdown suggested. With 8 of 11 sectors in the red and only Energy, Tech, and Discretionary holding up, the market is under real pressure — likely macro-driven with Energy acting as an independent safe haven on oil strength.
