US stock index futures tick higher
US stock indices ended mixed on Tuesday, with clear evidence of portfolio rebalancing as the second half of 2025 began. Investors cashed in on winning tech/growth stocks and used the proceeds to increase their exposure to ‘value’ stocks and other overlooked (and undervalued) corners of the market.
This led to gains of 0.9% and 1.0% for the Dow and the mid-cap, domestically focused Russell 2000, respectively. Within the Dow, demand was notably high for health care and materials names like Amgen, Johnson & Johnson, and UnitedHealth. Meanwhile, the tech-heavy indices, the S&P 500 and NASDAQ, dropped 0.1% and 0.8%, respectively.
The rotation followed weakness in the information technology and communications services sectors, both of which fell by over 1%. Key names like Nvidia, Palantir and AMD all came under selling pressure. Tesla dropped over 5%, falling back toward the $300 level ahead of its Q2 deliveries report due today.
Despite this, the US 500 triggered its first “golden cross” in over two years. This is a technical signal which is typically viewed as bullish and occurs when the 50-day moving average crosses above the 200-day moving average, as seen below:

Source: TN Trader
Historically, such a pattern has been associated with longer-term market resilience. The last time such an indicator appeared was back in February 2023. The index has rallied more than 48% since.