Consumer discretionary and technology sectors are leading declines today. The S&P Consumer Discretionary sector is down 1.15%, while Technology is lower by 1.23%. Notable laggards include Palantir Technologies, sliding 10.97%, Super Micro Computer, down 8.70%, and Domino’s Pizza, off 6.36%.
On the upside, defensive sectors are showing strength. The Healthcare sector is gaining 0.76%, with Amgen up 3.09%, Regeneron Pharmaceuticals advancing 2.94%, and Bristol-Myers Squibb adding 2.49%. The Consumer Staples sector is also in positive territory, up 0.35%, supported by Campbell’s (+2.72%) and Colgate-Palmolive (+2.37%).
What Earnings Should Traders Watch?
Investors are closely watching this week’s earnings slate, which could set the tone for market sentiment. Home Depot and Lowe’s are set to report on Tuesday and Wednesday, offering a read on consumer spending and the health of the retail sector.