Mixed open expected today

Key Points

• 1

  Nvidia's China news may pressure tech at the open.

• 2

  Walmart's outlook raised concern about shopper demand.

• 3

  Quantum computing names rose after a government funding report.

• 4

  Small-cap strength yesterday showed better risk appetite.

Sector Performance

• Consumer DiscretionaryCars, retail — things people want but don't needGas costs may pressure household spending.
  +2.53%
• TechnologyGrowth companies like semiconductors & softwareNvidia's China news may pressure tech.↗Source
  +2.25%
• MaterialsSteel, chemicals, and raw materialsDemand expectations may guide materials.
  +1.39%
• IndustrialsAirlines, machinery, and defense companiesStellantis' plan may affect auto sentiment.↗Source
  +1.18%
• Real EstateReal estate investment trusts (REITs)Rate expectations remain the main factor.
  +1.12%
• FinancialsBanks, insurance, and brokerage firmsRates and risk appetite are key factors.
  +1.10%
• UtilitiesElectric, water, and gas utility companiesDefensive demand and rates may guide utilities.
  +0.38%
• Communication ServicesTelecom, media, and internet companiesThe sector may follow broader index sentiment.
  +0.22%
• Health CareHospitals, pharma, and medical devicesDefensive demand may guide the sector.
  -0.13%
• Consumer StaplesFood, household goods — everyday essentialsWalmart's weaker outlook may weigh on staples.↗Source
  -0.66%
• EnergyOil and gas companiesCommodity and demand signals matter today.
  -2.43%

Today's open is expected to be mixed.