Sector Rotation Signals: Tech and Industrials Lead as Market Breadth Narrows
Five of ten S&P 500 sectors advanced Thursday, and that even split is the real story behind an index that barely moved. SPY closed at 766.08, up just 0.02%, while the Nasdaq-100 tracker QQQ added 0.09% to 711.37. Underneath those flat headline numbers, Industrials (XLI) jumped 1.09% to 180.34 to lead the tape, Health Care (XLV) fell 1.00% to 173.54 to trail it, and small-cap proxy IWM slipped 0.10%. That is not a market moving together. It is a market sorting itself into winners and losers while the index average hides the split.
Key Takeaways SPY rose 0.02% to 766.08 and QQQ gained 0.09% to 711.37, but the flat headline masks a sharp sector split. Industrials (XLI) led all sectors at 1.09% t…
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