S&P 500 Drops 2.24% as Majority of Stocks Decline, Targa Resources Corp. and Hertz Global Holdings See Gains

The stock market is experiencing a downward trend today, with the S&P 500 trading at 5,275.70 and a loss of -120.93 points or -2.24%. Out of the 1 sectors, none are advancing while 1 sector is declining. The top losing sector is the S&P 500, with a decline of -2.24%.

Despite the overall market decline, there are a few companies that are seeing gains. Targa Resources Corp. is the top large cap gainer with a 2.76% increase, followed by Anglogold Ashanti Plc with a 4.08% increase in the mid cap category. The small cap category is seeing a significant gain from Hertz Global Holdings, Inc. with a 56.44% increase.

On the other hand, there are also companies that are experiencing losses. J.B. Hunt Transport Services, Inc. is the top large cap loser with a -7.68% decline, while Allegro MicroSystems, Inc. is the top mid cap loser with a -4.78% decline.

The advance-decline ratio across the S&P 500 is at 0.45x, with 1462 advances and 3249 declines. This indicates a higher number of declining stocks compared to advancing ones. The S&P 500 Caps is also falling by 2.24%.

In terms of individual stocks, the top gainers in the S&P 500 include Gamida Cell Ltd. with an increase of inf%, Northern Star Investment Corp. II with a staggering 9900.00% increase, and Cuentas, Inc. with a significant 7980.00% increase. On the other hand, the top losers include R1 RCM, Inc. with a -100.00% decline, Electriq Power Holdings, Inc. with a -99.50% decline, and Allego NV with a -95.45% decline.

Overall, the market is being driven by a mix of gains and losses, with a higher number of declining stocks. Investors should closely monitor the market and make informed decisions based on the performance of individual stocks.