Equity markets experienced pronounced downward moves on Monday, with several widely held technology and smaller-cap names registering material declines. The session saw losses ranging from single-digit moves to steep, double-digit drops in particular names, affecting companies across several market-cap brackets.
Mega-cap movers
- SanDisk (SNDK): -10.01%
- Intel (INTC): -4.69%
- Marvell Technology Group (MRVL): -5.0%
- Applied Materials (AMAT): -2.65%
- Dell (DELL): -1.85%
Among the largest-market-cap names, SanDisk led declines with a drop just over 10%, while other semiconductor and equipment-related firms also moved lower.
Large-cap movers
- Applied Opt (AAOI): -13.49%
- Moderna (MRNA): -7.76%
- Coherent (COHR): -7.59%
- Western Digital (WDC): -7.33%
- Seagate Technology (STX): -7.32%
- Credo Technology Holding (CRDO): -6.4%
Large-cap names, particularly those tied to data storage and technology, also posted notable declines, with Applied Opt and several storage-oriented firms among the hardest hit in this grouping.
Mid-cap movers
- Oaktree Acquisition Corp (HIMS): -7.98%
- Inflection Point Acquisition (LUNR): -7.56%
Mid-cap activity showed losses concentrated in acquisition vehicles and special-purpose entities, with those listed falling by mid-to-high single digits.
Small-cap movers
- RF Acquisition II (RFAI): -23.28%
- TMS International Corp (TMS): -6.4%
- Roma Green Finance (ROMA): -3.11%
Small-cap names registered the most acute percentage move in the sample set, led by a more-than-20% decline in one SPAC-listed vehicle. Other smaller issuers saw more modest single-digit drops.
Overall, Monday's session was dominated by selling pressure across several segments of the market. The declines cut across mega-, large-, mid- and small-cap classifications, highlighting a broad risk-off tilt for the trading day.