Red across the board on most of the tape, but Intel and Salesforce didn't get the memo.
Red across the board on most of the tape, but Intel and Salesforce didn't get the memo. Futures are split. SPY down a fifth of a percent, QQQ up a quarter. Small caps and Dow are both lower — IWM off four-tenths, DIA down eighty-four basis points. VIX sitting at 16.45, not panicked but not relaxed.…
Transcript
Red across the board on most of the tape, but Intel and Salesforce didn't get the memo.
Futures are split. SPY down a fifth of a percent, QQQ up a quarter. Small caps and Dow are both lower — IWM off four-tenths, DIA down eighty-four basis points. VIX sitting at 16.45, not panicked but not relaxed. Gold adding half a percent.
Intel up 3.71%, trading at 120.23. Standout mover on a sea of red. Salesforce up 1.89% at 229.57 — quiet strength, no drama.
Now the pressure. Walmart down 2.7% at 103.92 — that's a real consumer confidence read. Lilly and UnitedHealth both sliding: Lilly off 2.33% at 1157.08, UnitedHealth down 2.1% at 367.08. Healthcare is the ugliest corner of the room this morning, and consumer names aren't far behind. Costco down 1.54% at 910.34. Meta off 1.84% at 725.18. JPMorgan down 1.24% at 330.83 — banks quietly leaking.
Tech is a split picture. Broadcom down 1.1% at 351.19. Netflix off 1.02% at 69.58. But Apple up 1.1% at 333.02, Amazon up 1.01% at 249.15. Not a sector story today — it's a stock-picker's session.
No economic data on the calendar. Earnings names this morning are AGSS, ALP, BABB, CBIH, COOT, and CYCA — small names, minimal broad market impact expected.
The setup: two green standouts in Intel and Salesforce, two green surprises in Apple and Amazon, and everything else on the defensive side. Asian markets unavailable overnight, so you're walking in without that read. Watch how the open handles that Walmart and healthcare pressure — those aren't small-cap moves.
Numbers don't lie. People do. Trade accordingly.