FLAT SESSION: SPY -0.38% | Range-bound

U.S. equities finished mixed after a range-bound session marked by weakening breadth. SPY opened at $771.95, tested a session high of $772.87, and traded as low as $769.00 before closing at $770.24, down 0.38%. The close below the opening price and near the lower end of the $769.00–$772.87 range showed that sellers retained control despite the absence of a decisive downside break.

• QQQ: closed near $718.96 today; watch today's session high and low as the immediate technical reference for the next trading day.

• SPY: closed near $770.24 today; watch today's session high and low as the immediate technical reference for the next trading day. NASDAQ (QQQ): $718.96 (Close) | +0.18% • IWM: closed near $295.97 today; watch today's session high and low as the immediate technical reference for the next trading day. • VIX: closed near $14.54 today; watch today's session high and low as the immediate technical reference for the next trading day. Volume: Normal (0.90x average)

- AMD: +4.69% to $477.57 — Led the session’s semiconductor advance and provided meaningful support to technology benchmarks. - INTC: +4.51% to $95.80 — Participated in the chip-led rally, showing strong relative momentum during an otherwise weak-breadth session. - ORCL: +3.08% to $158.78 — Outperformed within software and helped technology finish as the strongest sector. - TXN: +1.82% to $258.44 — Added to broad semiconductor strength and reinforced the rotation toward chip stocks. - CAT: +1.70% to $813.77 — Supported the industrial sector’s positive finish and showed demand for economically sensitive machinery exposure.

- TSLA: -5.92% to $354.08 — Led the downside as aggressive selling in the stock contributed to consumer discretionary’s last-place sector finish. - ACN: -3.33% to $186.69 — Faced company-specific selling pressure despite positive performance from the broader technology sector. - AAPL: -2.51% to $319.97 — Large-cap selling weighed on the major benchmarks and offset part of the semiconductor-driven technology advance. - MSFT: -2.04% to $499.70 — Declined despite technology-sector leadership, highlighting a sharp split between major software platforms and the day’s stronger chip names. - PM: -1.99% to $182.47 — Finished under pressure as weakness extended beyond growth-oriented groups into selected defensive holdings.

Technology led with a gain of 0.72%, followed by Industrials at 0.39% and Utilities at 0.06%. The combination of semiconductor strength, cyclical industrial demand and modest utility buying pointed to selective positioning rather than broad risk-on participation, particularly with only three of 11 sectors positive.

Consumer Discretionary fell 1.34%, Communication Services declined 1.17%, and Healthcare lost 1.04%. Weakness across both growth-sensitive and defensive groups confirms that leadership was narrow even though QQQ and IWM closed higher.

- SPY resistance was established at $772.87, the session high. The fund also failed to hold its $771.95 opening level, making the $771.95–$772.87 area the first upside test next session. - SPY support was tested at $769.00. The rebound to a $770.24 close kept that floor intact, but a break below $769.00 would confirm renewed downside momentum. - The $770.24 SPY close is the immediate pivot. Holding above it would favor another test of $771.95 and $772.87; sustained trading below it would put $769.00 back in focus. • QQQ: closed near $718.96 today; watch today's session high and low as the immediate technical reference for the next trading day.

The next trading session must confirm whether semiconductor leadership can continue offsetting weakness in Apple, Microsoft, Tesla and the broader sector tape. No post-close movers, futures indications or specific economic releases were included in the supplied 4:30 p.m. ET snapshot, so traders should monitor those inputs before the next opening bell, with SPY’s $769.00 support and $772.87 resistance defining the immediate setup.

U.S. markets are scheduled to be closed Monday for Labor Day, making Tuesday, September 8, the next regular trading session.

A range-bound, distribution-leaning session as narrow technology and industrial leadership masked broad weakness across eight of 11 sectors.