Mag7 extended losses on June 25 after Apple (-6.13%) and Microsoft (-3.23%) announced consumer-hardware price hikes tied to higher memory costs, leaving the S&P 500 flat (-0.01%) on its 3rd straight down day. With a hawkish Fed backdrop (markets pricing ~80% odds of a December hike) and big-cap weakness as the dominant near-term driver, short-term momentum points lower.