S&P 500 (SPY) top gainers and losers on Monday, August 31, 2026

 S&P 500 (SPY) top gainers and losers on Monday, August 31, 2026

The S&P 500 closed down 0.3%. Energy was the only major sector in the green (helped by higher oil prices after U.S.-Iran strikes), while utilities and some communication services names were hit hard.

Top Gainers (approximate closing moves)

RankTickerCompanyApprox. ChangeNotes
1TSLATesla+5.5%Strongest large-cap mover; helped limit Nasdaq losses
2COINCoinbase Global+5.7%Crypto-related strength
3CRWDCrowdStrike+4.8%Cybersecurity; positive product news
4VEEVVeeva Systems+4.1%Healthcare software strength
XOMExxon Mobil+2.7%Energy sector leader
CVXChevron+2.1%Energy sector

Other energy names (e.g., SLB, HAL, KMI, WMB) also posted solid gains.

Top Losers (approximate closing moves)

RankTickerCompanyApprox. ChangeNotes
1EIXEdison International–23% to –24%Worst day in decades
2PCGPG&E–19% to –20%Major California utility
AONAon–9.5%Announced large acquisition of USI Insurance Services
TTWOTake-Two Interactive–6.5%Pressure from GTA 6 leaks/release concerns

Key context on the biggest losers
Edison International (EIX) and PG&E (PCG) plunged after California lawmakers advanced a wildfire bill that did not include the liability protections (including limits on insurer subrogation lawsuits against utilities) that investors had been expecting. This left the utilities more exposed to wildfire-related claims. Analysts quickly cut ratings and price targets.

Overall market tone was soft due to rising oil prices (Brent back above $90) and higher odds of a Fed rate hike in September, but energy stocks provided a clear bright spot while California utilities dominated the downside.

Comments

Popular posts from this blog

MSTR (Strategy) 3-Month Price Outlook Chart (as of Aug 25, 2026 close ≈ $126.83)

S&P 500 (SPY) top gainers and losers for Wednesday, August 26, 2026

which stocks will benefit from stablecoin market growth?