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Tech Cooldown, Utilities Bid; Markets Digest AI Spending and M&A — $SPY Slightly Lower, $QQQ and Small Caps Slip
Published 3 months ago
Description
$SPY $QQQ $IWM — The market treaded water Friday as the S&P 500 (SPY) finished modestly lower while the Nasdaq-100 (QQQ) and small caps (IWM) pulled back. Sector rotation into utilities and parts of industrials offset weakness in big-cap tech as investors parsed AI spending, corporate news and the Fed backdrop.