Session summary

S&P 500 and NASDAQ are outperforming, driven by a 4.22% gain in the Tech sector, with the VIX down 17.16% to 17.09.

Market posture

Tech and Industrials are driving the market higher, while Healthcare, Consumer Staples, and Real Estate are underperforming, down 1.40%, 2.13%, and 1.50%, respectively.

Macro backdrop

The 10Y Yield is up 0.89% to 4.66, and the US Dollar Index is down 0.75% to 100.19, indicating a shift in investor sentiment.

Key movers context

MSFT leads the pack with a 6.14% gain, followed by TSLA at 4.02%, and AMZN at 2.35%, while AAPL lags with a 1.93% decline.

Desk watchlist

JPM, NVDA, and TSLA will be closely monitored, given their significant price movements and potential to influence the broader market trend.