Tech got taken out back and beaten on a Friday — that's your setup.

Tech got taken out back and beaten on a Friday — that's your setup.

Oracle down 6.25%, sitting at 124.21. Leads the carnage. Intel off 5.84% to 96.98 — no bottom in sight. AMD dropped 5.33%, still clinging to 500.94. Broadcom shed 5.03%, closing at 374.45. Google down 4.44% to 354.46 — the whole semis-and-mega-cap complex got hit in one session.

Two names swam upstream. Salesforce gained 3.4% to 172.68 — enterprise software caught a bid while everything around it burned. Costco up 3.17% to 945.57 — consumer staples doing what they do when traders want safety.

Meta off 2.46% to 664.54. Smaller cut than the rest, but it's still red. Nvidia down 2.4% to 207.40 — not the worst print in the room, but when the AI darling is bleeding on a tech rout day, that's a detail worth holding.

Semis and large-cap tech were the sector story today. Synchronized selling, not isolated weakness.

On the tape: QQQ down 1.64%. That's the headline. SPY off 0.54%, IWM nearly flat at minus 0.06%, DIA down 0.21%. The damage was concentrated — this wasn't a broad market flush, it was a tech-specific unwind. VIX at 16.73. Elevated but not panicking. Gold data unavailable. Asian markets unavailable.

Nothing on the economic calendar. Clean macro slate going into the weekend.

Earnings to watch: Autoliv reports before the open — EPS estimate 2.45. Bally's reports after the close — estimate is negative 1.35, so the bar is low. Bitcoin Depot, Bank of Clarke County, Choiceone Financial, and Coastal Community round out the list with thinner coverage and mixed or absent estimates.

One read on today: when QQQ drops 1.64% and the Dow barely moves, that's rotation pressure, not systemic fear. VIX under 17 confirms it. But five tech names down 5%-plus in a single session on a Friday — traders will be thinking about that over the weekend.

Numbers don't lie. People do. Trade accordingly.