S&P 500 closes at record as tech heavyweights flex (besides Apple)

The Magnificent 7 did the heavy lifting, performing better than any S&P 500 sector ETF on Tuesday.

Your Evening Briefing September 09, 2025 S&P 500 closes at record as tech heavyweights flex (besides Apple) The S&P 500 rose 0.3% to post a fresh record close thanks to most of the leading tech companies that have been key to its rally in recent years. The Magnificent 7 did more than twice as well as the benchmark US stock index today, with Alphabet up more than 2% and Meta, Nvidia, and Amazon all up at least 1%. The sore thumb that stuck out: Apple shares fell 1.5% after the tech giant debuted an extra-slim iPhone Air, iPhone Pro with longer battery life, updated AirPods Pro 3 with live language translation, and refreshed Apple Watch line at its annual event. It usually falls during these announcements. The Nasdaq 100 also rose 0.3%, while the Russell 2000 fell 0.5%. Materials were far and away the worst-performing S&P 500 sector ETF, while communications services and health care posted the biggest gains. Gains on the day were led by UnitedHealth, which popped 8.7% after the health insurance giant said it expects most of its Medicare Advantage enrollees to be on more lucrative plans. Declines were led by Albemarle, which dropped 11.5% after reports that Chinese EV-battery maker Contemporary Amperex Technology will restart its Yichun lithium mine. Robinhood hit an all-time high as the brokerage company continues to rise after being tapped for inclusion in the blue chip S&P 500 on Friday. (Robinhood Markets, Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.) Nebius surged nearly 50% after the artificial intelligence infrastructure group announced a major deal to supply computing power for Microsoft's AI operations. CoreWeave also leapt 7.1% as the news highlighted the immense value and continued demand across the AI data center ecosystem. Planet Labs fell 6.6%, giving back some of Monday's pop after the satellite operator (and retail favorite) posted better-than-expected quarterly numbers. Fox and News Corp dropped 6.7% and 1.7%, respectively, after Rupert Murdoch's heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama. — Luke Kawa, Markets Editor & Nia Warfield, Markets Writer Tesla could sell a record number of vehicles in the US this quarter That won't be enough to keep full-year global sales from falling. Read more. Negative US payroll revisions as bad as 2009 add to fears of consumer spending slowdown Reconciling the spending versus jobs trends is the key question for US economic analysts. Read more. POST-MARKET SURGE (Justin Sullivan/Getty Images) Oracle rips as backlog builds, but company misses on top and bottom lines Oracle rose over 20% in after-hours trading, which is a pretty crazy stock move for a company with a market cap of more than $675 billion. Read more. GameStop posts impressive Q2 results with big sales beat The sales beat is particularly noteworthy, as the company had already done an exemplary job of expense control to help protect its bottom line. Data storage is so hot right now A rapid turnaround in profitability helps explain how Seagate Technology and Western Digital have clawed to the top of S&P 500 this year. Draft Senate bill gives AI companies a two-year pass on federal regulation, Bloomberg reports Bloomberg reports that the bill from Senator Ted Cruz would let AI companies apply for a pass on regulations via a two-year "regulatory sandbox" which can be renewed for up to eight years.  Boeing turned in its best August delivery total in seven years The plane maker delivered 57 commercial jets in August, four fewer than rival Airbus. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025