S&P 500 slips 0.4% as tech drops 1.9%, energy gains 2.9%

The rotation is the story: losses are concentrated in AI-adjacent hardware and compute names, while the day's strongest gains sit in staples and energy, suggesting a defensive posture rather than broad risk aversion. That the S&P 500's decline stayed modest despite a 1.9% tech drop shows how much sector balance is absorbing the hit. Whether this AI-linked selling broadens into the wider index, or remains a narrow unwind, is the open question worth watching.