Energy Sector

The S&P 500 is caught between industrial strength and technology-sector weakness as investors question the payoff from heavy AI investment. Traders are watching 7,500 as immediate support and 7,800 as the level needed to revive upside momentum.

The S&P 500 retreated from its record close as losses in major technology names outweighed pockets of strength in memory stocks and energy. Reddit’s index-inclusion rally remained intact, but softer consumer data and worsening Hormuz tensions kept broader risk appetite under pressure.