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Rotation over Rally: Tech-Led Pullback Sends $QQQ Lower While Small Caps and Cyclicals Hang On
$QQQ $SPY $IWM — The S&P 500 drifted lower as a tech-led pullback weighed on benchmarks. The S&P 500 (SPY) slipped 0.29% while the Nasdaq-100 (QQQ) tumbled 1.15%; small caps bucked the trend with IWM up 0.32%. Sector rotation into utilities, industrials and materials shaped the session amid renewed inflation and regulatory worries.
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By StockAlpha.ai$QQQ $SPY $IWM — The S&P 500 drifted lower as a tech-led pullback weighed on benchmarks. The S&P 500 (SPY) slipped 0.29% while the Nasdaq-100 (QQQ) tumbled 1.15%; small caps bucked the trend with IWM up 0.32%. Sector rotation into utilities, industrials and materials shaped the session amid renewed inflation and regulatory worries.