S&P 500 & NASDAQ Fall as Oil Jumps | Closing Bell

Summary

The hosts recap the U.S. market close, noting a sharp intraday reversal that left major indexes mixed. Semiconductors dropped 3% while healthcare and financials provided support. Individual stocks moved on earnings, guidance, and FDA policy news.

• S&P 500 and Nasdaq recovered from early losses to close nearly flat; Dow eked out a small gain.
• The Philadelphia Semiconductor Index fell 3% after being down over 6% earlier.
• Healthcare sector rallied 1.9% as the top gainer; tech and consumer discretionary lagged.
• Zebra Technologies jumped 11.5% on strong earnings and raised guidance.
• Ambarella surged 45% after beating Q1 estimates and issuing upbeat Q2 guidance.
• Philip Morris and Altria each rose about 2% after the FDA issued new enforcement policies for nicotine products.
• Under Armour sank 17% after guidance missed estimates and cited Middle East conflict headwinds.
• Brown-Forman fell 1% on reports it rejected a $15 billion takeover offer from Sazerac.