S&P 500 closes nearly flat as energy rises and technology declines
Energy and Commodities Stand Out
The energy sector dominated trading. APA Corporation surged 8.47% to $25.37, followed by Texas Pacific Land Corporation, which gained 7.66% to reach $302.95, and Occidental Petroleum Corporation, which rose 5.46% to $43.23. Commodity-related stocks also performed well, with significant increases for Smurfit WestRock, up 6.71% to $42.30, International Paper, rising 6.37% to $42.08, and LyondellBasell Industries, which climbed 6.08% to $47.64. The construction sector benefited from this momentum, with Builders FirstSource rising 5.94% to $111.29 and Lennar Corporation advancing 5.41% to settle at $109.55.
Tech Stocks Under Pressure
In contrast, the technology sector took a hit. Seagate Technology Holdings dropped 7.72% to close at $284.47, marking the biggest decline in the index. Observability specialist Datadog fell by 7.61% to $130.68, while Western Digital slid 6.10% to $187.68. The downturn extended to enterprise software, with Autodesk losing 5.86% to finish at $276.58. Among other notable declines, Moderna shed 5.66% to $33.86, Quanta Services dropped 5.43% to $413.17, and Arista Networks decreased by 4.89% to end at $123.72.
A session marked by apparent stability and subtle rotation
The S&P 500 closed on January 8, 2026, at the symbolic level of $6,921.46. Behind this apparent stability lies a contrasting session, where sector rotation continues to reshape the balances of the American market at the start of the year.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
