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)
| Rank | Ticker | Company | Approx. Change | Notes |
|---|---|---|---|---|
| 1 | TSLA | Tesla | +5.5% | Strongest large-cap mover; helped limit Nasdaq losses |
| 2 | COIN | Coinbase Global | +5.7% | Crypto-related strength |
| 3 | CRWD | CrowdStrike | +4.8% | Cybersecurity; positive product news |
| 4 | VEEV | Veeva Systems | +4.1% | Healthcare software strength |
| — | XOM | Exxon Mobil | +2.7% | Energy sector leader |
| — | CVX | Chevron | +2.1% | Energy sector |
Other energy names (e.g., SLB, HAL, KMI, WMB) also posted solid gains.
Top Losers (approximate closing moves)
| Rank | Ticker | Company | Approx. Change | Notes |
|---|---|---|---|---|
| 1 | EIX | Edison International | –23% to –24% | Worst day in decades |
| 2 | PCG | PG&E | –19% to –20% | Major California utility |
| — | AON | Aon | –9.5% | Announced large acquisition of USI Insurance Services |
| — | TTWO | Take-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
Post a Comment