Markets

SPY -1.45%% vs QQQ -3.29%% — large-cap breadth is relatively firmer than the growth cohort; rotation may be away from prior tech leaders or into more cyclical/value-line support.

Russell (IWM -0.96%%) is ahead of SPY -1.45%% — risk appetite may be broadening beyond the very largest names (often a risk-on tell when it holds).

VIX +12.79%% with red index proxies — options demand for hedges is rising alongside softer cash equity; often tied to macro headlines or event risk.

Lead stories: “Dow, S&P 500, Nasdaq Futures Rise After Chip Stock Selloff: Why CBRS, PLT…” — cross-check with your tape (currently softer averages).