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Market Commentary
Tech Leadership Reasserts
Oil retreat and AI names lift the major averages while small caps trail. SPY finished the session near 773.50, up roughly 1.55 percent. QQQ advanced more sharply, closing around 741.50 for a gain near 2.8 percent. IWM lagged with a modest 0.5 to 0.7 percent advance...
read moreFed Delivers Hike, Tape Digests the Move
Indexes close lower as the rate decision lands and oil softens. The Federal Reserve raised the federal funds target range by 25 basis points to 3.75–4.00 percent, the first increase in three years. Markets opened with modest strength but faded after the announcement...
read moreTape Softens Ahead of FOMC
Indexes ease as tech lags while energy and defensive groups show relative firmness. SPY closed near 761.64, down roughly 0.35 percent on the session. QQQ finished softer in the 0.4 to 0.8 percent range while IWM slipped about 0.3 to 0.4 percent. Volume was orderly...
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