# Tech and Energy sectors in the S&P 500 have rarely tracked together over the past few months, with headlines related to Middle East tensions driving up inflation fears.

*business · news · 2026-06-08 · Markets Insider*

## Key points

- Energy and Tech were the top-performing S&P 500 sectors despite Middle East tensions.
- Utilities have been the worst performing sector since the U.S.-Iran war began in March.
- WTI crude oil remains above $91 per barrel despite Trump's promise to end the Iran war soon.
- Applied Digital shares rose 8.4% after announcing a new long-term lease at Delta Forge 2.
- Metals prices continue to drop, with gold at $4,350 and silver well below $70 per ounce.

Tech and Energy sectors in the S&P 500 have rarely tracked together over the past few months, with headlines related to Middle East tensions driving up inflation fears, which were then felt through upward pressure in Treasury yields while discouraging inflows into higher-beta areas of the market. On Monday, however, Energy and Tech were the best two sectors in the S&P 500 amid sustained escalation between US and Iran as well as a bounce-back in Semiconductors and Computer Hardware names following Friday’s rout. In turn, the less-cyclical Utilities was the worst performing sector today and also bears the distinction of the biggest loser since the U.S.-Iran war began in early March, as yield-seeking funds opted for higher fixed income allocations. Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows. In the opening hour of the evening session, NASDAQ 100 contract and S&P E-minis are both down by a decimal. In commodities, WTI crude oil remains above $91 per barrel despite comments from President Trump in a press interview promising the end of Iran war in two weeks. Metals have also remained under pressure following Friday’s sell-off – gold trades at $4,350 and silver is staying well below $70 per ounce. Check out this evening’s top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Gloo Holdings (GLOO) up 5.1% ALSO HIGHER – Applied Digital (APLD) up 8.4% after announcing new long-term lease agreement at Delta Forge 2 DOWN AFTER EARNINGS – Mission Produce (AVO) down 5.0% Vail Resorts (MTN) down 4.2% ALSO LOWER –

**Companies:** Gloo Holdings, Applied Digital, Mission Produce, Vail Resorts
**Countries:** United States, Iran

[Read the full story on Markets Insider](https://markets.businessinsider.com/news/stocks/closing-bell-movers-vail-resorts-down-4-as-earnings-miss-estimates-1036234227)

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