S&P 500 closes up 0.6%, tech sector gains 1.6%

The dispersion beneath the index-level move is the story: a 1.6% tech gain against real estate and telecom weakness points to rotation within sectors rather than broad risk appetite. The leadership is unusually narrow and idiosyncratic, with SpaceX and Strategy pacing the Nasdaq 100 alongside enterprise software names, while Netflix's 5% decline shows the same tech label covering very different outcomes. Nvidia's more modest 2.5% gain relative to the index's headline suggests the move is not purely an AI-leader story. Whether this sector spread persists or converges is the open question.