Tech is split down the middle and energy is quietly bleeding — here is a session worth watching.

Tech is split down the middle and energy is quietly bleeding — here is a session worth watching.

Tesla down 5.92% to 354. That is the lead and it is not close. Netflix off 5.35% to 78.25 — two of the session's biggest losers and both are consumer-facing. That pattern matters.

Apple down 2.51% to 319.97. Microsoft off 2.04%, just under 500. Salesforce drops 1.97% to 259.23. Software and hardware bleeding together on no scheduled macro catalyst — that is not noise.

Alphabet off 1.17%. Walmart down 1.18%. Exxon Mobil loses 1.69%. Consumer staples, energy, retail — all red. This is broad-based selling, not a sector story.

Now the other side. AMD up 4.69% to 477.57 — chips catching a bid while everything else fades. Intel up 4.51% to 95.80, running alongside it. Oracle adds 3.08% to 158.78. Semis and cloud infrastructure green while software and consumer names tank. That is a rotation, not a rally.

Futures are mixed. SPY down 0.39%, DIA off 0.53% — Dow under pressure. QQQ up 0.18%, IWM up 0.28% — small caps and tech futures diverging from the broader tape. VIX sits at 15.72, not panicking but not sleeping either. Gold up 0.48%, quiet defensive lean.

Asian markets unavailable overnight.

Nothing on the economic calendar today. Earnings on deck: American Eagle after the close with a 21-cent estimate, Academy Sports reports before the open at 2.11, AeroVironment after the close at 29 cents, Chewy before the open at 18 cents, and Core and Main pre-market at 92 cents. Retail and consumer earnings dropping into a session where consumer names are already getting hit — watch the reactions closely.

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