All 11 S&P 500 Sectors Close Lower; Tech Falls 7.3%

The uniformity of the selloff is the signal here: when every sector closes red, including defensives like utilities and staples, it reads as a market-wide de-risking rather than a rotation out of tech into value. Tech's outsized 7.3% drop shows the growth names that led the rally are also leading the unwind, while the smaller losses in staples and utilities suggest capital is seeking shelter rather than exiting equities outright. Whether that defensive bid holds, or the selling broadens further within those sectors, is the open question.