S&P 500 sector close: Materials -1.93%, Energy -0.84%, Tech +1.31%

The session's split is a rotation story rather than a broad risk move: cyclical and commodity-linked sectors like materials and energy lagged, while tech and industrials led alongside telecom. That divergence matters because it suggests capital shifting toward growth and capex-levered names while commodity exposure softens. The read-across for crypto/RWA is indirect — no digital-asset link here — so the open question is whether the materials-energy weakness reflects a durable commodity repricing or a single-session tilt.