New York, NY – After a volatile day in the stock market, the S&P 500 saw significant movements on Tuesday. Some companies experienced declines, while others saw advances in their stock prices.
Among the decliners, Albemarle, the world’s largest lithium producer, faced a steep 12.6% drop in shares after analysts at UBS slashed their price target on the stock. Enphase Energy, a solar technology firm, also saw a decline of 11.2% due to concerns about trade and global economic growth. On Semiconductor, a chipmaker, fell 8.9% following a price target cut by analysts at KeyBanc.
On the other hand, health insurance stocks received a boost after the Centers for Medicare & Medicaid Services announced increased government payments to Medicare insurers. Humana saw a 10.7% surge in shares, while CVS Health gained 5.9% and updated its full-year outlook.
In the defense sector, shares of Lockheed Martin, General Dynamics, and RTX all posted gains of more than 2% after the White House pledged to spend approximately $1 trillion on defense in fiscal 2026.
Constellation Energy also saw a 2.9% increase in shares, partially recovering from losses over the past week. The company has drawn attention for its role in powering artificial intelligence data centers.
Overall, the market saw a mix of declines and advances as investors monitored various factors affecting different industries and companies.
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