Tech-Led Rally Sends Benchmarks Higher as Small Caps Lag: $SPY +1.65%, $QQQ +2.49%

from Alpha Casts - AI Market Intelligence

$SPY $QQQ $IWM — A concentrated, tech-driven advance lifted major benchmarks Thursday — the S&P 500 (SPY) jumped 1.65% while the Nasdaq-100 (QQQ) roared 2.49% as investors piled into mega-cap tech and AI-linked names. Small caps lagged, with the Russell 2000 (IWM) down 0.29%, highlighting narrow breadth even as energy, materials and utilities showed pockets of strength.

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This episode was published on June 29, 2026.

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