US markets delivered a mixed but telling performance on Tuesday, with the S&P 500 up 0.6%, the Nasdaq Composite climbing 0.3%, and the Dow Jones Industrial Average rising 1.18%. Behind those gains lies a seismic sector rotation.
During the third quarter of 2025, the largest portfolio sector weightings were Information Technology and Communication Services. Nebius Group N.V., NVIDIA Corporation, and Astera Labs, Inc. were among the top contributors to performance. Netflix, Inc., James Hardie Industries, and GFL Environmental Inc were among the top detractors from performance.
Netflix's hit sci-fi series "Stranger Things" is about to ride to its conclusion with a marketing and merchandising blitz befitting a blockbuster movie.
Netflix continues to report strong revenue growth with impressive profitability. Despite shares being 21% off their peak, they trade at an elevated valuation.
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