Equity futures surge on the back of banking and tech sector momentum, extending gains across major indices.

Commodity complex shows mixed signals—gold retreats 0.3%, while copper slides 1.6%, creating divergent sentiment. Meanwhile, crypto continues its measured advance: Bitcoin climbs 0.2% and Ethereum gains 0.5%, reflecting steady accumulation despite broader market churn.

Strong performers commanding attention include semiconductor and AI-adjacent plays—MU and INTC leading the charge alongside AMD, with MSTR's macro-sensitive positioning and HOOD's retail sentiment serving as risk barometers. AVGO, SMCI, MRVL, STX, and ARM complete the bullish narrative, underscoring structural tailwinds in chip infrastructure.

Conversely, weakness persists in industrial cyclicals (MMM, ALB), consumer discretionary (MGM, KHC), and legacy tech (HPQ), while specialty chemicals (FTV) and agriculture (TSCO) face headwinds.

The divergence signals classic risk-on positioning where innovation and growth assets outpace defensive and cyclical rotation—a pattern worth monitoring for cross-asset implications.