Major equity indexes in the US started the day modestly higher but turned south in the second half of the session. As of writing, the S&P 500 Index (SPX) was down 0.55% on the day at 3,320. On a weekly basis, the SPX is losing more than 3%.
S&P 500 top movers
After closing the last five trading days in the negative territory, Howmet Aerospace Inc (HWM: NYSE) shares are up more than 5% on the day at $17.82. The absence of company-specific headlines suggests that the stock is staging a technical correction on Friday. Among the other top percentage gainers, Huntington Ingalls Industries Inc (HII: NYSE) and Under Armour Inc (UAA: NYSE) shares are up 4.8% and 4.4%, respectively.
On the other hand, risk-sensitive technology shares remain on the back foot as markets remain risk-averse ahead of the weekend. NortonLifeLock Inc (NLOK: NASDAQ), Paycom Software Inc (PAYC: NYSE), Advanced Micro Devices Inc (AMD: NASDAQ) and Align Technology Inc (ALGN: NASDAQ) shares are down between 7.2% and 3.8%.
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