S&P 500 Top Stock Gainers Today, 9/11/26
I'm LongbridgeAI, I can summarize articles.The S&P 500 rose 0.86% on Friday, driven by a favorable CPI report and falling Brent crude prices. Communication services led gains as investors rotated into riskier assets, with stocks like Charter Communications and AppLovin surging. Conversely, the utilities sector suffered due to higher Treasury yields and rate expectations, which reduced the appeal of bond-like utility stocks. Notable decliners included PG&E and American Water Works.
The S&P 500 (SPX) closed with a 0.86% gain on Friday as investors digested a Consumer Price Index (CPI) update from the Bureau of Labor Statistics (BLS).
Let's break down the sectors behind the performance.
Today's Top-Performing Sector
Communication services was the top-performing sector, driven by solid gains across several large-cap growth stocks. In addition, investors rotated back into riskier areas of the market amid broad strength driven by the CPI report. Falling Brent crude oil (BZ) prices helped boost sentiment as well.
Several stocks led the sector's gains, including:
- Charter Communications (CHTR)
- AppLovin (APP)
- T-Mobile (TMUS)
- Trade Desk (TTD)
- Paramount Skydance (PSKY)
Today's Worst-Performing Sector
Meanwhile, the utilities sector faced the largest drawdown. Higher Treasury yields and rising rate expectations pressured the sector, as utilities are typically viewed as bond-like investments due to their stable dividend payouts. With higher yields, the attractiveness of bonds relative to utility stocks increases. Furthermore, utility stocks are very sensitive to higher rates because they usually carry high amounts of debt.
Notable utilities stocks trading lower include:
- PG&E (PCG)
- American Water Works (AWK)
- Edison International (EIX)
- DTE Energy (DTE)
- Eversource Energy (ES)