CVS Plunges After Retail Spinoff Plan; Skyworks Falls as Megacaps Rally

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What stands out

The clip highlights two immediate market moves: CVS announced a plan to spin off its retail pharmacy business, triggering a sharp decline, and Skyworks fell after a weaker smartphone outlook tied to Apple exposure. The segment also notes a rebound in large technology names that helped push indexes higher, creating a contrast between a sector-led rally and company-specific weakness. The mix of a surprise corporate restructuring and device-cycle pain made for outsized, headline-driven stock action on the day.