Tech hope, oil pressure

Key Points

• 1

  Brent above $103 may add pressure at the open.

• 2

  Friday's tech strength may carry into the early session.

• 3

  Cerebras raised its IPO range, lifting AI expectations.

• 4

  Vaccine headlines put some pharma and biotech names in focus.

Sector Performance

• TechnologyGrowth companies like semiconductors & softwareNvidia and AMD are in focus↗Source
  +3.44%
• MaterialsSteel, chemicals, and raw materialsHigher costs and commodity strength may offset
  +0.37%
• Consumer DiscretionaryCars, retail — things people want but don't needHigher oil may pressure consumer spending
  +0.27%
• Consumer StaplesFood, household goods — everyday essentialsFreight and input costs may rise
  +0.24%
• Real EstateReal estate investment trusts (REITs)It may react to inflation worries
  +0.02%
• Communication ServicesTelecom, media, and internet companiesDisney and Netflix may draw attention↗Source
  -0.37%
• EnergyOil and gas companiesExxonMobil and peers may benefit from oil↗Source
  -0.45%
• IndustrialsAirlines, machinery, and defense companiesHigher transport costs may weigh
  -0.46%
• FinancialsBanks, insurance, and brokerage firmsOil adds inflation uncertainty
  -0.60%
• Health CareHospitals, pharma, and medical devicesVaccine-linked drugmakers may draw interest↗Source
  -0.85%
• UtilitiesElectric, water, and gas utility companiesFuel costs may limit gains
  -0.89%

The open may be mixed today.