The S&P 500 (SPX) reached a new all-time closing high of 7,137 on Wednesday after President Trump extended the U.S.-Iran ceasefire deadline. Let’s break down the sectors behind the performance.
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Trade QQQ with leverageToday’s Top-Performing Sector
Information technology was the best-performing sector as risk-on sentiment returned to the market. The sector’s gains were headlined by memory and semiconductor names. Additionally, the move reflected renewed optimism surrounding demand for AI infrastructure providers and easing geopolitical concerns.
Several information technology stocks led the sector’s gains, including:
Today’s Worst-Performing Sector
Meanwhile, the real estate sector faced the largest drawdown for a second consecutive day. The decline was driven by continued pressure from elevated interest rate expectations, which weigh on real estate investment trusts (REITs) given their exposure to debt. The sector also saw outflows as investors rotated into higher-risk stocks amid improved sentiment.
Notable real estate stocks trading lower include: