S&P 500 gives back yesterday's gains, now flat on the week

  • S&P 500 down 0.4%
Market pulse flat

The dip buyers won yesterday but today it's the sellers in charge. The weakness in equities has extended after Powell, despite what I thought were some fairly-dovish comments.

SPX 5 mins

The driver seems to be technology with Nvidia and Amazon both down about 2.5% in what's likely a round of profit taking. The circular spending and investment paths with Nvidia, OpenAI and Oracle is something of a concern.

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