Chips are running the show this morning and the rest of the market is just trying to keep up.
Chips are running the show this morning and the rest of the market is just trying to keep up. Futures first. QQQ up 1.85%. SPY up 0.83%. VIX sitting at 17.61 — calm enough to move. Gold up 1.2%. Asian markets unavailable overnight. No economic calendar events today, so earnings and momentum carry…
Transcript
Chips are running the show this morning and the rest of the market is just trying to keep up.
Futures first. QQQ up 1.85%. SPY up 0.83%. VIX sitting at 17.61 — calm enough to move. Gold up 1.2%. Asian markets unavailable overnight. No economic calendar events today, so earnings and momentum carry the session.
ETFs confirm the tech tilt. QQQ leading at plus 1.85%. IWM up 1.45%. DIA the laggard at plus 0.69%. Small caps participating. Broad rotation, not just mega-cap.
Now the stocks.
Intel up 8.64% to 105.45. Biggest mover on the board. Intel doesn't move like this without a catalyst — watch for any guidance or deal news driving pre-market action.
AMD up 8.11% to 544.43. Chips in lockstep. Two names, same sector, both ripping — that's not coincidence.
Oracle up 4.67% to 127.05. Cloud infrastructure staying in the conversation.
UNH up 3.51% to 436.35. Healthcare quietly climbing while everyone watches semis.
Tesla up 2.53% to 378.93. Momentum holding.
Lilly up 2.49% to 1175.41. The GLP-1 trade never fully sleeps.
Exxon up 2.26% to 151.71. Energy tagging along as gold and risk assets both catch a bid — unusual combination, but it's happening.
Broadcom up 2.21% to 386.50. That rounds out a clean semi sweep.
CRM down 2.15% to 170.06. Salesforce the lone red flag in an otherwise green tape — worth watching if software starts to bleed.
Walmart down 1.61% to 110.39. Consumer staples selling off into strength. Rotation signal — money moving out of defensive, into growth.
Sector read: semiconductors are not just leading — they're dragging the entire tape higher, and everything else is benefiting from the slipstream. The two red names tell you where the money came from.
Earnings on deck. AAL reports before the open — EPS estimate 0.0346, razor thin, airline margins are unforgiving. ABCB reports after the close, estimate 1.6925. ACNB, ACU, AFBI, and ALBY also on the calendar. Regional banks and smaller names — not market-moving, but worth a scan if you're positioned.
No macro data today means price action is the only story. Chips set the tone. Watch how they hold into the open.
Numbers don't lie. People do. Trade accordingly.