Tesla down nearly 6. Netflix down over 5.

Tesla down nearly 6. Netflix down over 5. The mega-cap bleed is real today, and the semis didn't get the memo.

Tesla down 5.92%, closing at 354. No single catalyst — just sustained pressure. Netflix down 5.35% to 78.25, consumer spending anxiety doing the work. Apple down 2.51% to 319.97. Microsoft down 2.04%, just under 500. Salesforce down 1.97% to 259.23. Alphabet down 1.17% — four mega-caps bleeding in unison is a pattern, not noise.

Meanwhile, AMD up 4.69% to 477.57. Intel up 4.51% to 95.80. Semis are separating from software today, and that divergence is the whole story.

Oracle up 3.08% to 158.78 — enterprise holding its ground while consumer-facing names get hit.

Exxon down 1.69% — energy soft on a day with zero macro catalyst, which is worth noting. Walmart and Costco both down over 1% — defensive names selling off tells you rotation isn't hiding in safety today.

On the macro side, VIX at 14.53 — calm, not complacent. Gold up 1.06%, a quiet bid for safety running underneath all of this. SPY futures down 0.39%, QQQ barely positive at plus 0.18%. The ETF picture confirms the split: IWM and QQQ holding, DIA down 0.53%, SPY dragged by the big names.

No economic data on the calendar today. No Fed speakers. The market is moving on its own weight.

Earnings: ABM reports before the open, consensus at a dollar two. Alzn and Anix both reporting with negative EPS estimates — that's not a surprise miss waiting to happen, that's a known loss. AVO reports after the close, est at eleven cents. Watch ABM if you trade industrials.

Numbers don't lie. People do. Trade accordingly.