Tech Diverges as Iran Conflict Splits the Market
Thursday's session delivered one of the cleanest sector splits of the year. While the Dow Jones fell 1.07% and small caps (IWM) shed 0.91%, the Nasdaq 100 ETF (QQQ) closed up 0.28% and the Technology Select Sector ETF (XLK) gained 1.24%. The divergence was not noise. It was a precise market verdict on which parts of the economy can survive a world where oil is at $78 a barrel and the Federal Reserve has quietly shelved every rate-cut projection it had six months ago.
Key Takeaways The Dow Jones Industrial Average fell 1.07% on July 9, 2026, while QQQ (Nasdaq 100 ETF) gained 0.28%, marking one of the sharpest intraday sector divergences of the year. NVDA surged 3.65% to $204.12, leading a semi…
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