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...

Fed 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...

Tape 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...

Oil Pressure Hits the Indexes

SPY, QQQ and IWM all finish lower as higher crude and a sharp health-care selloff outweigh relative strength in energy and select technology names. The major averages closed modestly lower on the return from the long weekend. SPY finished near 766, down roughly half a...

Tape Digests Hot Payrolls

Indexes mixed as rate-hike odds firm after the August jobs surprise; semiconductors provide selective leadership on lighter volume. U.S. equities closed the holiday-shortened week on a mixed note Friday as a stronger-than-expected August employment report shifted the...

Small Caps Lead the Rebound

Indexes close higher with IWM out front as materials and selective cyclicals provide leadership while megacap tech participates selectively. The tape recovered Wednesday after a soft start to the month. SPY advanced 0.46 percent, QQQ gained roughly 0.24 percent, and...