Tech and Media Drive Tape While Small Caps Lag: $QQQ Outperforms as Energy Tightens After Hormuz Shock

from Alpha Casts - AI Market Intelligence

$QQQ $SPY $IWM — The Nasdaq-100 (QQQ) led a mixed tape as communications and AI-linked names surged, even as the S&P 500 (SPY) finished essentially flat and small caps (IWM) slipped. Energy tightened after a Hormuz supply shock and sector rotation favored defensives and high-quality tech ahead of fresh data and Fed commentary.

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