Stock market mixed with technology sectors left behind

U.S. equities traded mostly higher today following yesterday’s pullback, though gains were uneven as technology stocks remained under pressure. Mega-cap names such as NVDA and AAPL continued to weigh on the Nasdaq as traders rotated out of high-valuation growth stocks, driven by profit-taking and sensitivity to elevated yields. This kept the tech sector lagging despite broader market strength.

Defense stocks outperformed after President Trump called for a substantial increase in the U.S. military budget, proposing about $1.5 trillion for fiscal 2027, up from the $901 billion approved for 2026, which would mark roughly a 50% jump in planned defense spending. The announcement boosted expectations for higher government contracts and supported a broader rotation into sectors backed by fiscal and geopolitical catalysts. Overall, today’s price action reflects selective risk positioning rather than broad risk-on behavior, with leadership shifting away from technology toward value and policy-beneficiary sectors

Dow Jones Industrial Average (INDU)

DJIA index opened lower today but immediately recover and currently traded near 50% of previous day’s candlestick range. If the bull immediately pushes the index higher, then traders could expect bullish continuation to reach 127.2% extension level. Otherwise, we might see another bearish attempt at the 48,886 level. No change to the bullish outlook, traders better use each bearish correction as a chance to add long positions.

Constellation Energy Corporation (CEG)

CEG share prices is in bearish breakout situation where it prints new lower low. However, on the downside, there is the 78.6% Fibonacci Retracement level and the daily SMA 200 present. We might see some reactions near both levels. And, if the share prices manage to close inside the box area again, then we have a false breakout situation where traders could use it as a chance to enter long positions.