S&P 500 Top Stock Gainers Today, 7/10/26
Complete. Here is the key summaryThe S&P 500 closed higher on Friday, driven by easing U.S.-Iran tensions. The Materials sector led gains due to lower energy costs and rising metal prices, with stocks like Smurfit WestRock and Mosaic Company performing well. Conversely, the Healthcare sector suffered the largest drawdown, led by Moderna's decline after JPMorgan reiterated a 'Sell' rating. Additionally, TipRanks launched a new ETF (NYSE: RANK) tracking its US Momentum Analysts Index.
The S&P 500 (SPX) closed higher on Friday on signs of easing U.S.-Iran tensions.
TipRanks Welcomes a New ETF – NYSE:RANK
- TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE.
- RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
Let's break down the sectors behind the performance.
Today's Top-Performing Sector
Materials was the top-performing sector on Friday as Brent crude oil (BZ) prices edged lower. With lower energy prices, material companies face lower costs, which help support profits and margins. In addition, prices of tungsten, molybdenum, and copper edged higher, supporting gains in mining and metals stocks.
Several materials stocks led the sector's gains, including:
- Smurfit WestRock (SW)
- Mosaic Company (MOS)
- International Paper Company (IP)
- Steel Dynamics (STLD)
- Packaging Corp of America (PKG)
Today's Worst-Performing Sector
Meanwhile, the healthcare sector faced the largest drawdown. Moderna (MRNA) led the group lower after JPMorgan analyst Jessica Fye highlighted MRNA as a short target heading into the third quarter. Fye also reiterated a "Sell" rating on Moderna. Other biotech stocks also came under pressure as investors took profits following the sector's recent run-up.
Notable healthcare stocks trading lower include:
- Moderna (MRNA)
- Gilead Sciences (GILD)
- Eli Lilly (LLY)
- Vertex Pharmaceuticals (VRTX)
- Incyte (INCY)
