U.S. equities sit near all-time highs after a multi-day streak of record closes, while futures trade flat to slightly lower as investors gauge how durable the rally is. The S&P 500’s leadership remains concentrated, leaving indices sensitive to any growth or inflation surprise, per CNBC live updates.
AI remains the key prop: Nvidia jumped nearly 4% after saying it would invest $100 billion in OpenAI to expand data centers. Power demand plays rallied alongside the AI buildout theme, including Constellation (+4.9%), Vistra (+3.1%), Oklo (+3.8%), and Talen (+1.5%), per CNBC.
Earnings are the next catalyst: Micron reports after the bell Tuesday, with Jabil and Accenture due Thursday. Results will test whether AI-related demand is broadening beyond the megacaps, as noted by Yahoo Finance.
Under the surface, dispersion is high: Firefly Aerospace slid about 12.5% post-earnings on a wider loss, while Hong Kong-listed BYD fell 3.5% on a report that Berkshire Hathaway fully exited its stake. That mix of record indices and sharp single-name swings argues for disciplined risk management.
