Major Indexes Test Resistance; Lindblad, Kiniksa Pharma, Guidewire In Focus

Major indexes are stalling at key resistance levels with strength rotating into healthcare and equal-weighted stocks as AI/chip sentiment turns fragile ahead of hyperscaler earnings.

• Indexes stall at resistance: Nasdaq closed fractionally lower at its 50-day line; Dow rose 1% to its 50-day; S&P closed up 63% of its range, still below record highs.
• Chips lag, breadth improves: SMH fell 0.7% near recent lows, but equal-weight S&P (RSP) rose 1.2% and equal-weight Nasdaq 100 showed resilience, signaling strength outside AI/chips.

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