S&P 500 sector moves: consumer discretionary falls 1.26%, tech up 0.23%

The divergence between consumer discretionary and tech highlights a cautious consumer backdrop versus persistent demand for tech services, a signal for RWA markets tied to discretionary spending versus digital infrastructure. The modest tech gain, amid broader sector declines, suggests capital rotating toward defensive growth rather than cyclical exposure. Worth watching is whether this gap widens, as it would indicate weakening consumer confidence that could pressure tokenized consumer assets, while tech-linked RWAs may hold firmer.