Why S&P 500 Reclaimed Green Territory Despite a Massive Tech Rotation

The Friday session closed Green. Here is why.Despite opening in the red on geopolitical headlines and tech profit-taking, systematic dip-buyers and defensive rotation propelled major benchmarks into positive territory on thin summer volume.📊 THE SCOREBOARD🟢 Winner: Communication Services (XLC) rallied +0.89%, powered by Meta's 6.28% surge.🔴 Laggard: Technology (XLK) slipped -0.72% as institutional cash rotated from chip giants into SK Hynix's blockbuster $26.5B Nasdaq debut.🔮 THE LOOK AHEADWatch the SPY $745 pivot level on Monday. It is the crucial firewall ahead of Tuesday's high-stakes June CPI print, Fed Chair Kevin Warsh's testimony, and Q2 bank earnings.Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.