Monthly performance gap between value and growth narrows
The S&P 500 is down 0.9% as it continues to struggle amid losses in ten of its 11 sectors. Today's been a little bit of mean reversion for the value/cyclical stocks.  Entering the session, the iShares Russell 1000 Value ETF (IWD 159.56, -2.04, -1.3%) was up 2.6% this month, while the iShares Russell 1000 Growth ETF (IWF 250.95, -0.87, -0.4%) was down 3.1%. While the latter is still trading slightly lower today, the underperformance of the IWD Value ETF is a reflection of how wide their performance gap had gotten in six trading sessions. Looking ahead, Electronic Arts (EA 141.73, +1.08, +0.8%) and Unity Software (U 84.35, +2.77, +3.4%) are some of the notable companies that will report earnings after the close. Investors are hoping for positive reactions like the one in Roblox (RBLX 75.65, +11.59, +18.1%).