S&P 500 edges down 0.19% to 6,963 points, caught between technology and services
Moderna and Semiconductors Take Off
Moderna led the gains with a remarkable jump of 17.02% to $39.60. Semiconductor manufacturers also shone: Intel rose by 7.33% to $47.29, and Advanced Micro Devices increased by 6.39% to $220.97. This upward trend in electronic chips is driven by strong demand for data centers and artificial intelligence. Revvity and Viatris, two players in health technology, round out the list of winners with respective increases of 6.02% to $110.14 and 5.44% to $13.37.
Salesforce and Adobe Weigh Down Tech Services
On the other hand, Salesforce experienced the steepest decline in the index, plunging 7.07% to $241.06. Adobe wasn't spared either, dropping 5.41% to $309.93. These declines are part of a broader skepticism toward software stocks, fueled by analyst downgrades and concerns over the monetization of their artificial intelligence tools. The financial sector was also affected: Progressive and Allstate both fell 5.28%, to $205.06 and $197.65, respectively. Visa lost 4.46% to $327.88.
A Mixed Start to the Year
The S&P 500 closed at 6,963.74 points, marking a slight decline of 0.19%. This session reflects the current tensions in the US markets, where certain sectors continue to benefit from technological advancements while others face challenges. The performance disparities among stocks illustrate the increasing selectivity of investors at the beginning of 2026.
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