Good evening, this is Markets Desk with your closing roundup.
The Magnificent Seven officially entered correction territory Tuesday, dragging the Nasdaq down two point two percent and the S&P five hundred down more than one point four. Analysts at MarketWatch argue this pullback may actually signal a healthier rotation underway, as investors question whether AI capital expenditure will deliver returns on the timeline markets priced in.
Bucking that selloff, quantum computing stocks surged after President Trump signed two executive orders directing federal resources toward maintaining American dominance in the sector. IonQ, Rigetti, and their peers posted sharp gains, offering traders a rare pocket of green in an otherwise bruising session, though the space remains highly speculative and thinly profitable.
And away from tech, the passing of Alan Greenspan at one hundred is prompting serious reflection on monetary policy legacy. Greenspan pioneered the soft landing as an art form through the nineteen nineties, and with the Fed now navigating its own delicate moment between sticky inflation and slowing growth, his successor Jerome Powell faces a strikingly familiar test of that same institutional nerve.
That's the tape. Markets Desk, signing off the floor.
