S&P 500 Logs Fresh Record High | Closing Bell

Market Performance - S&P 500 reached a record high, up 29 points or 0.5% to above 6200 [2][7] - Nasdaq Composite increased almost 200 points or 1% [7] - Russell 2000 outperformed with a gain of about 29 points or 1.3% [7] Sector Analysis - Energy stocks were the best performers, gaining 1.7%, followed by materials and tech, each gaining more than 1% [8][9] - Healthcare sector lagged due to Centene plunging, along with utilities and financials [9] - S&P Global Clean Energy Transition Index rose about 1.7% [10] - Solar sector was up 4.6% at the close, having been up as much as 9.5% earlier [11] Company Specific News - Tesla's vehicle sales decline was 13% year-over-year, less drastic than feared, shares up about 5% [12][13] - Centene, a $28 billion insurer with 28 million customers, faced earnings headwinds of as much as $1.8 billion [14][15][16] - Intel's shares were down 4.25% after reports of a potential strategy shift in its foundry business [17][18] - Adobe's shares were down 3.5% due to competition from Figma, a software design startup with less than $250 million in quarterly revenue (approximately $1 billion annually) [18][19] Economic Factors - Trade deal with Vietnam included 20% tariffs on 40% of shipments [5] - Treasury yields experienced bear steepening, with yields higher on the two-year and a pop of about 4 to 5 basis points on the ten to thirty-year levels [20][21]