End-of-quarter vibes
US stocks look set to open a bit higher on Tuesday, with Nasdaq futures up 0.35% and the S&P 500 nudging 0.1% higher. Translation: not exactly fireworks, but enough green on the screen to suggest traders are still leaning into the risk-on comeback that’s been building all quarter.
Why you should care
This is the last trading day of the second quarter, which means the market is doing that classic end-of-term thing: tidying up its desk, flattening out positions, and trying not to spill coffee on the performance numbers. When a quarter has delivered a strong rebound, you often see some extra buying as managers polish their books and chase what’s working.
The tech tilt
The Nasdaq is getting the biggest lift, which makes sense if you’ve been watching the year’s favorite storyline: big-cap tech acting like the market’s designated driver. With investors still crowding into growth names, even a small futures move can signal that the rebalancing trade isn’t done yet.
Big picture
No single headline is driving this one. It’s more the market’s collective mood music: risk assets have recovered nicely, and traders are showing up for the final quarter-end lap. If the rally keeps humming, this could be less of a victory lap and more of a “don’t break the streak now” situation.