RED SESSION: SPY -0.82% | Range-bound

U.S. equities finished broadly lower in a range-bound session, with only 2 of 11 sectors closing higher. SPY opened at $765.99 and initially advanced to $768.15, but that early strength reversed as selling spread across the market. The ETF fell to $762.05 and closed at $762.78, down 0.82% and just $0.73 above the session low. The high-to-low reversal totaled $6.10, while the close in the bottom 12% of the intraday range showed that buyers failed to regain control late in the session.

• QQQ: closed near $710.93 today; watch today's session high and low as the immediate technical reference for the next trading day.

• SPY: closed near $762.78 today; watch today's session high and low as the immediate technical reference for the next trading day. NASDAQ (QQQ): $710.93 (Close) | -0.72% • IWM: closed near $297.70 today; watch today's session high and low as the immediate technical reference for the next trading day. • VIX: closed near $16.01 today; watch today's session high and low as the immediate technical reference for the next trading day. Volume: Normal (0.96x average)

- Thermo Fisher Scientific (TMO): +2.30% to $627.63 — Led the major-stock gainers and materially outperformed the healthcare sector, which fell 1.85%, signaling stock-specific demand despite broad sector weakness. - Danaher (DHR): +2.15% to $216.04 — Joined TMO in a pocket of life-sciences strength, resisting the wider healthcare selloff. - Exxon Mobil (XOM): +0.84% to $166.15 — Benefited from relative strength in Energy, the session’s leading sector with a 0.28% gain. - Philip Morris (PM): +0.84% to $191.52 — Advanced despite Consumer Staples falling 1.40%, showing notable relative strength within a weak defensive group. • QQQ: closed near $710.93 today; watch today's session high and low as the immediate technical reference for the next trading day.

- Walmart (WMT): -9.15% to $103.84 — By far the steepest decline among the listed large-cap movers; the drop coincided with Consumer Staples finishing down 1.40%. No verified company-specific catalyst was provided with the session data. - GE Aerospace (GE): -3.22% to $344.76 — Sustained pronounced selling pressure and underperformed the broader market by more than two percentage points. - Boeing (BA): -3.17% to $215.15 — Traded sharply lower alongside GE, creating concentrated weakness in major aerospace names. - Morgan Stanley (MS): -3.16% to $207.45 — The decline reflected substantial pressure on a major financial stock as risk appetite deteriorated. - Home Depot (HD): -2.83% to $334.57 — Underperformed as Consumer Discretionary lost 1.61%, the second-weakest sector of the session.

Energy led with a 0.28% gain, followed by Real Estate at 0.20%, while Materials slipped 0.19% but still ranked among the relative leaders. Leadership from yield-sensitive Real Estate and defensive cash-flow exposure in Energy—paired with losses of 1.85% in Healthcare, 1.61% in Consumer Discretionary and 1.40% in Consumer Staples—showed narrow, mixed rotation rather than broad risk-on participation.

- SPY rejected $768.15, the session high, after opening at $765.99; those levels form the first resistance zone for the next session. - SPY tested $762.05 support and closed at $762.78, only $0.73 above the low. A break below $762.05 would confirm continuation of the late-session weakness. - A recovery above $765.99 would reclaim the session open, while a move through $768.15 would be needed to invalidate the day’s intraday reversal. • QQQ: closed near $710.93 today; watch today's session high and low as the immediate technical reference for the next trading day.

• SPY: closed near $762.78 today; watch today's session high and low as the immediate technical reference for the next trading day.

Broad, moderate-volume distribution as an early SPY rally to $768.15 reversed into a $762.78 close near the session low.