Market Reaction – Sectors & Sentiment: U.S. equity futures are green on this data: S&P 500 +0.6%, Nasdaq +0.8% pre-market​. 

Tech and growth stocks are bouncing – e.g. chip stocks are strong (Philadelphia Semi Index +2% yesterday​) – helped by upbeat earnings (more on that next). 

Cyclicals (industrials, financials) are also bid on the solid durable-orders data and rising yields. 

In contrast, defensive sectors and bond-proxies could lag as risk appetite improves. The $VIX “fear index” has eased to ~19, reflecting calmer sentiment. Overall, investors appear cautiously optimistic, dipping back into risk assets after a few shaky sessions.