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Similar to Friday, Monday’s notable rotation away from the AI disruption trade continued as Semiconductors were largely lower while Software names saw some notable dip-buying. Names like Cognizant (CTSH), ServiceNow (NOW), and EPAM Systems (EPAM) were among the leaders in the S&P 500. In turn, the AI infrastructure buildout “winners” like Micron (MU) and Sandisk (SNDK) were among the 10 weakest stocks in the benchmark.
In the opening hour of the evening session, U.S. equity futures are modestly higher, with traders responding to the latest Truth Social post from President Trump announcing a delay to resumption of strikes by US military on Iranian infrastructure with hopes for a deal that addresses Tehran’s nuclear ambitions. S&P e-minis and Nasdaq 100 contracts are up about 0.2% while July WTI Crude Oil is down 2% below $102.50 per barrel.
Check out this evening’s top movers from around Wall Street, compiled by The Fly.
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