S&P 500 Rises 1.6% as Consumer Discretionary Gains 4.4%, Nasdaq 100 Up 0.9%

The breadth is the story here: a 1.6% index gain built on consumer discretionary, financials, staples, real estate and materials suggests rotation into cyclicals and rate-sensitive sectors rather than a tech-led move, with technology's slim 0.3% contribution and a 3.2% drop in semis underscoring that split. For RWA and crypto markets, which often track risk appetite and liquidity conditions, the signal is mixed — broad participation but weakness in the highest-beta growth names like Datadog. Whether this rotation holds or reverses is the open question.