BTIG’s Jonathan Krinsky shared an optimistic market outlook, noting that breadth has been strengthening. In his view, this improvement suggests that bullish sentiment could keep its momentum going.

In a day marked by stark contrasts, the stock market witnessed stability in technology giants like Microsoft and Nvidia, while consumer defensive stocks such as Walmart and Procter & Gamble faced significant declines. Investor sentiment turned cautious amid concerns over consumer spending cuts, highlighting the need for strategic portfolio adjustments.