Utilities lead rotation as the S&P caps at 7,670 into quarter-end
The S&P 500 closed Tuesday at 7,670.84, down 0.17% and sitting about 1.9% below its 7,816.70 record, as a defensive rotation capped the tape in the penultimate session of the quarter. The day's signature was sector leadership, not index movement: utilities jumped 1.17% while energy shed 0.90%, a classic de-risking tilt that tells you investors are protecting capital ahead of two hard prints.
Key Takeaways The S&P 500 closed Tuesday at 7,670.84, down 0.17% and about 1.9% below its record 7,816.70. Utilities (XLU 39.71) led with a 1.17% gain; energy (XLE 61.54) lagged with a 0.90% drop as utilities led the defensive rotation. The Nasdaq-100 rose 0.21% to 30,339.33 while the Dow fell 0.26% and t…
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