Major indices are selling off today, with the Nasdaq lagging the most. Some fear seems to be creeping in with the Volatility Index (VIX) crossing above its 200 MA at $15.84.

Aluminum prices and mining stocks are surging higher as China cancels tax incentives for exports.

While the Russian government announced temporary restrictions on exporting enriched uranium to the U.S., as well as, ending natural gas exports to Austria.

Only three sectors are in the green with Utilities (XLU) coming out ahead. Technology (XLK) is the worst performer after Applied Materials, Inc. (AMAT) reported earnings and issued lackluster Q1’25 guidance.

Health Care (XLV), specifically vaccine makers, are falling after Trumps appointment of Robert Kennedy Jr. to lead the Health and Human Services Department. Kennedy has been a longtime critic of big pharma.

The Fear & Greed Index swung into Neutral from Greed.