$NVDA — Risk-Off Ripples: Tech Leads Broad Pullback as Small Caps Slide; Nvidia’s Photonics Push Steals Headlines

$SPY $QQQ $IWM $NVDA — Stocks slipped across the board as investors turned cautious: the S&P 500 (SPY) fell 0.88%, the Nasdaq-100 (QQQ) dropped 1.07%, and small caps (IWM) tumbled 1.73%. Markets digested a mix of corporate news — including Nvidia’s $4B photonics bet and a weak Target comps print — while re-opening the debate over a “higher-for-longer” Fed.