Tech Earnings Ahead
U.S. markets were modestly higher pre-market with the Nasdaq/US Tech 100 leading gains after strong Q1 results from chip names. Major indexes diverged: US Tech 100 rallied ~1.2% while the US SP 500 and US Small Cap 2000 logged smaller gains and the Wall Street 30 (Dow) lagged. Corporate earnings continued to drive flows—SLB and Procter & Gamble reported beats but SLB shares pulled back on high prior gains. Attention shifts to a heavy tech earnings week ahead (Alphabet, Amazon, Microsoft, Meta) and key macro events (FOMC, PCE, Michigan consumer sentiment) that could influence market breadth and Fed policy expectations.