Market Index
Market snapshot: temperature, breadth, and highlights
Market overview
U.S. indices remain lower as the semiconductor rout extends, with SMH plunging ~4.5% as AMD and Nvidia lead broad tech weakness. Heavyweight Tech drags the tape down despite a defensive bid in Energy and Healthcare, which rise ~1%.
Market Sentiment
Neutral
US market temperature sits in neutral territory — valuations are slightly elevated near the 60th historical percentile, while the share of advancing stocks sits on the high side around the 65th historical percentile. Today's broad rally is driven mainly by cooling oil prices and inflation data meeting expectations, lifting risk appetite.