The markets opened up sharply lower after the Trump news conference yesterday, but rebounded with the broader indices closing in positive territory. At session lows:
- S&P was down -100.38 points
- NASDAQ index was down -469.63 points
They are closing near the highs:
- S&P index is up 7.36 points or 0.11% at 6582.68
- NASDAQ index is up 38.23 points or 0.18% at 21879.18
The Dow industrial average fell -61.01 points or -0.13% at 46504.60.
For the holiday shortened trading week the major indices had their best week since November 24, 2025:
- Dow industrial average rose 2.96%
- S&P index rose 3.36%
- NASDAQ index rose 4.44%
Here's a breakdown of some of the week's top performers, grouped by sector:
💾 Technology & Semiconductors
- SanDisk — +16.38% (week) / +1.33% today
- Ciena Corp (CIEN) — +15.41% / +7.79% today ⭐ strongest daily + weekly combo
- Intel — +14.17% / +4.83% today
- Marvell — +9.65% / +0.37% today
- Western Digital — +7.96% (down -0.88% today, fading late week)
🎮 Consumer & Entertainment
- Roblox — +11.07% / +3.78% today
- Papa John's — +7.20% / +6.64% today (most of gains came today)
🏭 Industrials & Defense
- Defiance Drone & Modern Warfare ETF (JEDI) — +9.67% / +6.35% today
- BAE Systems PLC — +8.45% (down -1.17% today, pulled back)
- Boeing — +7.15% / +0.45% today
🥇 Gold & Commodities
- Newmont Goldcorp — +14.79% / +0.23% today
- Barrick Mining — +11.21% (down -1.23% today)
- SPDR Gold Shares (GLD) — +7.16% / -1.94% today
- SPDR Gold MiniShares — +7.14% / -1.92% today
- iShares Gold — +7.13% / -1.94% today
🔧 Materials & Tech Hardware
- Corning (GLW) — +9.29% / +3.87% today
Key Takeaways for the week's winners:
- Gold had a strong week overall but is pulling back today, suggesting some profit-taking
- Tech/semis are the week's biggest theme — SanDisk, Ciena, and Intel all up 14%+
- Defense remains a multi-day trend with JEDI and BAE both showing strong weekly gains
- Ciena is the standout of the entire list — a top performer both today AND for the week
Looking at the losers this week,
🛡️ Defense & Aerospace
- Raytheon — -17.17% (flat today, but brutal week)
- Gemini Space Station — -6.10% / +0.58% today
👟 Consumer & Retail
- Nike — -15.13% / -1.00% today
- Airbnb — -4.70% / -0.24% today
- Celsius — -4.30% / -0.79% today
- Southwest Airlines — -4.86% / -1.62% today
- Alaska Air — -4.16% / -0.85% today
💊 Biotech & Healthcare
- Boston Scientific — -10.49% (bouncing +1.31% today)
- Moderna — -8.12% / -1.62% today
- Biogen — -7.17% / -3.49% today
- Teladoc — -4.35% / -0.09% today
💻 Tech & Software
- Strategy — -9.81% / -2.35% today
- Snowflake — -6.49% / -0.86% today
- Figma — -4.15% (rebounding +3.97% today)
- Ambarella — -4.04% / -1.06% today
🏗️ Energy, Industrials & Housing
- SLB NV — -5.51% / -1.20% today
- Lennar — -5.07% (bouncing +1.22% today)
- Chevron — -4.26% (recovering +0.77% today)
- General Motors — -4.03% / -3.32% today
Key Takeaways for the losers
- Raytheon is the biggest loser of the week at -17%, notable since defense peers like BAE and JEDI were winners — likely a company-specific issue
- Biotech is broadly under pressure — Moderna, Biogen, and Boston Scientific all down significantly
- Airlines are having a rough week with both Southwest and Alaska Air sliding
- A few green shoots today — Figma, Boston Scientific, Lennar, and Chevron are bouncing, suggesting possible short-term bottoming
- Nike's -15% is a major move for such a large consumer brand — worth watching
