U.S. stocks trend higher though Tech (~+0.1%) diverges, with Nvidia (~-0.8%) and Apple (~-0.9%) weighing on the Nasdaq. Materials (~+2.2%) surge to lead the rally as Freeport-McMoRan (~+7.9%) jumps, while Utilities (~-2.0%) remain the day's deepest drag.
US market temperature sits in neutral territory — valuations are slightly elevated near the 70th historical percentile, while the share of advancing stocks is around the 66th historical percentile. No single catalyst stood out today; the market is searching for a fresh direction.