Rotation into tech leaves energy on the bottom in S&P 500
4/8/21 2:30 PM ET (Briefing.com)Print
The S&P 500 (+0.37%) sits firmly in second place to this juncture.S&P 500 constituents Etsy (ETSY 212.96, +8.94, +4.38%), Caesars Entertainment (CZR 95.45, +2.86, +3.09%), and Waters (WAT 304.11, +7.76, +2.62%) pepper the top of the standings. ETSY benefits from today's broader rotation into the tech sector, and CZR gains following a target raise out of KeyBanc Capital Markets.Conversely, Cabot Oil & Gas (COG 17.85, -0.63, -3.41%) sits near the bottom of the index owing to modest losses in crude oil futures and a rotation into technology names and out of the energy sector.