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Why Tech Staged a Massive Reversal as Small Caps Choked
Description
The Thursday session closed Green. Here is why. Wall Street staged a massive buy-the-dip campaign, reversing Wednesday's hawkish Fed sell-off thanks to a landmark U.S.-Iran peace deal and a teased Apple-Intel manufacturing partnership.
🚀 Sector Winners: Semiconductors led the charge with Intel up 8.2% and Micron jumping 8.1%.
📉 Sector Losers: Energy giants plunged as Brent crude tumbled 3%, while the interest-rate sensitive Russell 2000 slid -0.72%.
🔔 The Look Ahead: U.S. markets are closed Friday for Juneteenth.
Watch Monday's open to see if this low-conviction, Triple-Witching fueled rally can survive the long weekend.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.