Indexes closed green; the watchlist did not. Four of five names finished lower, so today’s damage was name- and sector-specific rather than macro.
The Nasdaq rose 0.39% and the S&P 500 0.17% — a tape that makes the declines below stand out.
Movers with a reason#
- NET — $323.60, -3.10% | sold off inside a broad de-rating of high-multiple software, alongside CrowdStrike, Okta, HubSpot and Intuit | Hold (Medium confidence) — valuation compression, not a business problem; still well inside its $158.83–$338.00 52-week band.
- META — $665.75, -2.43% | no identifiable catalyst verified; an outsized lag against a rising tape, with money visibly rotating toward Alphabet | Hold (Medium confidence) — divergence worth watching, not yet a thesis break.
Company news worth knowing#
- NET — new Disallow AI Training controls and an “Accountable” crawler designation, built with Apple, Google and Microsoft | Hold (Medium confidence) — strengthens Cloudflare’s position as the toll gate between publishers and AI training data; no revenue model attached yet, so treat it as optionality.
Quiet: MSFT -0.80%, RDDT -1.30%, AMZN +1.00%.