Tech is running hard into the last trading day of June, and the QQQ is telling the whole story before the bell even rings.

Tech is running hard into the last trading day of June, and the QQQ is telling the whole story before the bell even rings.

Futures first. SPY up 1.65%. QQQ up 2.49%. VIX sitting at 17.49 — fear is cooling. Gold up 0.66%. Asian markets data unavailable this morning.

ETFs confirm the rotation. QQQ plus 2.49%. SPY plus 1.65%. DIA plus 0.76%. IWM negative 0.29% — small caps not invited to this party.

Now the tape.

TSLA up 8.46% to $411.84. That's the loudest number in the room. Momentum.

GOOGL up 4.82% to $353.65. AI tailwind, straight up.

AMD up 3.43% to $539.49. Chips catching a bid.

AMZN up 3.20% to $240.14. Broad tech lift, no single catalyst needed.

INTC up 2.65% to $131.72. Riding AMD's coattails.

META up 2.24% to $562.60. Steady, not spectacular.

AVGO up 2.04% to $372.45. Semis broadly green.

UNH down 1.89% to $419.82. Healthcare bucking every trend today — one stock, one sector, complete divergence.

LLY up 1.81% to $1,229.93. Second red flag in healthcare — Eli Lilly moving against the sector drag, which tells you this is stock-specific, not a clean sector story.

NVDA up 1.27% to $194.97. Nvidia is the quietest winner on this tape — smallest move in the chip stack, but it's still green, and it's still Nvidia.

MSFT down 1.18% to $368.57. Microsoft is the outlier that doesn't fit the AI narrative today. Everything else with an AI angle is running. Microsoft is not. That's worth watching.

Sector read: tech is the only game being played today, and semis plus mega-cap are dominating the scoreboard. Healthcare is split — UNH is the drag, LLY is defying it. And Microsoft sitting red while the rest of the AI trade rips is the one wrinkle in an otherwise clean bull tape.

Economic calendar is empty. Nothing scheduled. The market is moving on sentiment alone today, which means volatility can flip fast without a data anchor.

Earnings on deck after the close: BSET with an EPS estimate of 19 cents, CULP estimated at negative 11 cents, and FC estimated at 32 cents. Before the open tomorrow, FactSet — FDS — comes in with an estimate of $4.50. That one matters. Watch it.

Quarter ends today. Last session of June. Window dressing is real, fund managers are squaring books, and the QQQ surge fits that narrative perfectly.

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