S&P 500 falls 0.58% as risk-off selling hits CVNA, QCOM, DASH; PANW rises on BTIG upgrade

The S&P 500 is down about 45 points Monday afternoon. Carvana (CVNA) fell 7.36%, Qualcomm (QCOM) dropped 6.70%, and DoorDash (DASH) lost 6.73%. Higher oil prices, rising Treasury yields, and broad selling in consumer-discretionary and technology stocks are weighing on growth-sensitive names. QCOM also faces profit-taking after its recent rally, and DASH remains under pressure from its $131.5 million NYC delivery-worker settlement. Palo Alto Networks (PANW) gained 4.37% after BTIG Research raised its price target to $425 from $404, citing a constructive platform growth outlook.