Energy and Tech Sectors Perform Strong Amid Middle East Tensions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 08 2026
0mins
Tech and Energy sectors in the S&P 500 have rarely tracked together over the past few months, with headlines related to Middle East tensions driving up inflation fears, which were then felt through upward pressure in Treasury yields while discouraging inflows into higher-beta areas of the market. On Monday, however, Energy and Tech were the best two sectors in the S&P 500 amid sustained escalation between US and Iran as well as a bounce-back in Semiconductors and Computer Hardware names following Friday's rout. In turn, the less-cyclical Utilities was the worst performing sector today and also bears the distinction of the biggest loser since the U.S.-Iran war began in early March, as yield-seeking funds opted for higher fixed income allocations.In the opening hour of the evening session, NASDAQ 100 contract and S&P E-minis are both down by a decimal. In commodities, WTI crude oil remains above $91 per barrel despite comments from President Trump in a press interview promising the end of Iran war in two weeks. Metals have also remained under pressure following Friday's sell-off - gold trades at $4,350 and silver is staying well below $70 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Gloo Holdingsup 5.1%ALSO HIGHER -Applied Digitalup 8.4% after announcing new long-term lease agreement at Delta Forge 2DOWN AFTER EARNINGS -Mission Producedown 5.0%Vail Resortsdown 4.2%ALSO LOWER -IDEAYA Biosciencesdown 7.8% after equity offering
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Analyst Views on GLOO
Wall Street analysts forecast GLOO stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 4.750
Low
10.00
Averages
13.40
High
17.00
Current: 4.750
Low
10.00
Averages
13.40
High
17.00
About GLOO
Gloo Holdings, Inc. is a technology platform serving the faith and flourishing ecosystem. The Company offers products, services and solutions to the two primary stakeholders at the core of the faith and flourishing ecosystem: network capability providers (NCPs) and churches and frontline organizations (CFLs). The Gloo platform serves as a digital infrastructure between NCPs and CFLs. The Gloo platform includes a suite of technology, marketplace, advertising and service solutions. Gloo 360 is a subscription-based offering for NCPs designed to modernize, operate and transform core IT infrastructure. Gloo Workspace is a subscription-based offering for CFLs. It includes three core products: Content Studio, Communications and Ministry Chat. The Company also offers Gloo Media Network, a full-service platform. It also offers Workday services, including deployments, application management and staff augmentation, serving both direct customers and systems integrator partners.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Ongoing Strategic Acquisitions: The company is enhancing its platform and customer value through acquisitions like EMD and Midwestern, which are expected to support future revenue growth, particularly in both faith-based and non-faith-based sectors.
- Optimistic Future Outlook: Gloo has raised its full-year 2026 revenue outlook to $195 million, with Q2 revenue expectations set at $44 million, reflecting the company's confidence in future growth, although it still needs to achieve profitability breakthroughs.
See More
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See More
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- Future Growth Expectations: Gloo forecasts $190 million in revenue for 2026 while targeting adjusted EBITDA profitability in Q4 2026, indicating strong confidence in its future financial performance.
- Strategic Integration: This acquisition will enhance Gloo's talent and technical capabilities, supporting its strategic positioning in the rapidly evolving AI sector and further boosting its market competitiveness.
See More
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- Significant Revenue Growth: Gloo's total revenue for Q1 2026 reached $41.5 million, representing a 238% year-over-year increase, exceeding analyst expectations of $36 million, which underscores the company's strong market performance and customer trust.
- Adjusted EBITDA Improvement: The first quarter's adjusted EBITDA was negative $11.5 million, better than the guidance of negative $12 million and consensus of negative $12.2 million, showing a $7.1 million improvement from the negative $18.6 million in Q4 2025, indicating progress towards profitability.
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- Effective Acquisition Strategy: Gloo's acquisitions of Westfall Group and Masterworks have driven significant performance improvements, and the planned acquisition of the remaining 20% stake in Midwestern is expected to enhance its global talent capabilities and competitive positioning in the market.
See More
