EPISODE · Mar 18, 2026 · 9 MIN
Tech Swoon as Powell’s ‘Higher for Longer’ Tone Reverberates — $SPY, $QQQ and Small Caps Slip
from Alpha Casts - AI Market Intelligence
$SPY $QQQ $IWM — Stocks sold off broadly after Fed Chair Powell flagged that AI-driven investment in infrastructure could keep policy rates elevated. The S&P 500 (SPY) fell 1.40%, the Nasdaq-100 (QQQ) slid 1.39% and small caps (IWM) led declines with a 1.61% drop. Utilities offered a rare bright spot amid rotation into defensive and clean‑tech names.
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Tech Swoon as Powell’s ‘Higher for Longer’ Tone Reverberates — $SPY, $QQQ and Small Caps Slip
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