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Macro US Stocks

S&P 500 slips 0.3% as materials, industrials drag; Strategy falls 6.2% after MSCI deletion

The S&P 500 closed down 0.3% in preliminary trading, with materials falling 1.3% and industrials, financials and tech each down at least 0.7%. Telecom gained 0.2% and energy rose 1.4%. In the Nasdaq 100, also down 0.3%, Nebius Group fell 17.5%, CoreWeave dropped 6.6% on plans to sell loans for financing, and Strategy slid 6.2% after being removed from the MSCI index.

Original source

AI take

Strategy's 6.2% drop on MSCI deletion is the clearest signal here: index membership has become a real liquidity and demand driver for crypto-adjacent equities, so exclusion carries a mechanical cost beyond sentiment. The broader session looks like a rotation rather than a risk-off move, with energy's 1.4% gain offsetting materials and industrials weakness. The open question is whether passive-flow events like this start to matter more for crypto-linked names than underlying token prices.

Generated by AI for reference only.

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