Tech Drives a Modest Rally: $SPY Up 0.56% as $QQQ Outperforms; Cisco’s AI Orders Spark a Broader Re-rate

$SPY $QQQ $IWM $INTC — Markets closed higher on Wednesday as artificial-intelligence momentum and clearer Fed messaging favored large-cap tech. The S&P 500 (SPY) rose 0.56%, the Nasdaq-100 (QQQ) gained 1.06%, while small caps (IWM) were effectively flat, up 0.04%. Cisco’s big upside on AI bookings and an across-the-board media cycle helped narrow risk but left headline risks intact.