S&P 500 Edges Up 0.1% as Strategy Jumps 16.4%, Qualcomm Falls 5.6%

The dispersion here is the story: a modest headline gain masking a sharp rotation, with Strategy's double-digit move and broad semiconductor-equipment strength standing against Qualcomm's drop and a notably weaker Dow. That divergence suggests index-level calm is understating single-name volatility, which matters most for readers tracking crypto-linked equities and chip supply-chain names. Whether Strategy's outsized move reflects durable positioning or a one-day repricing is the open question, and whether the Dow's weekly decline broadens is worth watching.