Tech just had a Friday and didn't apologize for it.

Tech just had a Friday and didn't apologize for it.

MSFT up 15.51%, sitting at 451. Earnings. Full stop. AMD up 13%, 485 and change — cloud tailwinds doing the heavy lifting. INTC up 11.3% to 91 — beaten-down chip stocks catching a bid across the board. Oracle up 8.34% to 127 — data center demand, no mystery there. Tech ran. The other side of the ledger: META down nearly 8% to 539 — spending guidance spooked the street. LLY down 4.55% to 1,154 — weight loss drug competition narrative won't quit. CRM down 4% to 180 — guidance disappointment, straightforward. AVGO up 4.73% to 387 — chips, AI, momentum. Finished green.

Semis ripped. Software was split. Pharma got clipped.

Futures: SPY up 1.68%, QQQ up 3.3%. That QQQ move is the headline — tech earnings are pulling the index. VIX at 17.09, fear's not running the room today. Gold data unavailable, skipping it.

ETFs confirm the tone. QQQ up 3.3%. SPY up 1.68%. IWM up 1.39%, small caps aren't sleeping. DIA up 1.18% — blue chips moving but not leading.

Asian markets — data unavailable, not speculating.

Economic calendar: nothing scheduled. The macro story today is pure earnings.

Earnings on deck: ABBV before the open, consensus at 3.67 — pharma's already in focus after LLY's slide, watch for any guidance language on competition. AN before the open, consensus at 5.66 — auto retail, sentiment-sensitive. ARES before the open at 1.32 — alt asset managers will tell you something about deal flow appetite. AU consensus 2.25 — gold miner reporting while gold data is dark, interesting timing. BCPC before the open at 1.42 — specialty chemicals, niche but clean setup. ABR consensus at 0.05 — mortgage REIT, rate environment still the story.

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