S&P 500 Turns Negative for the Year as SanDisk, Venture Global and Moderna Lead Gains
The S&P 500 has swung to a loss for the year as volatility, geopolitical strains and profit-taking weigh on large-cap stocks. SanDisk, Venture Global and Moderna were among the top gainers.
The S&P 500 has swung to a loss for the year as volatility, geopolitical strains and profit-taking weigh on large-cap stocks, according to market data. Stock futures inched lower Monday while oil prices rose after Israeli PM Benjamin Netanyahu warned the Iran conflict "isn't over," reigniting fears of intensified Middle East tensions disrupting global energy supplies.
A review of the best-performing names with market values of $10 billion or more shows a mix of sectors leading the pack. SanDisk Corp. tops the list with a year-to-date gain of nearly 199%.
Venture Global follows with a 132% advance, while Lumentum Holdings Inc. is up about 92%. Texas Pacific Land and Moderna round out the top five with gains of 81% and 74%, respectively.
Bloom Energy Corp. and Planet Labs PBC also rank among the top performers, each climbing more than 70% this year. The group spans industries from technology hardware to biotechnology and energy.