S&P 500-0.05%▼: at 7,354.02, a modest pre-market pullback. Nasdaq-0.24%▼: at 25,297.62, larger drift lower amid tech weakness. Russell 2000+0.07%▲: at 3,010.08, small gain with cyclicals outperforming. Dow-0.09%▼: at 51,876.11, marginally lower in line with large-cap indices. VIX-0.71%▼: at 18.28, modestly lower in pre-market trading. Crypto: BTC-0.41%▼ near $60,073 and ETH-0.27%▼ near $1,577, both trading with small intraday moves. What's driving the market this week South Korea unveiled three “mega projects” committing large-scale investment in semiconductors, physical AI and AI data centres, a development that supports chip and AI-related names globally and ties into fresh capital spending plans. Market breadth is shifting away from a narrow, AI-heavy leadership toward stronger performance in cyclicals and smaller-cap names, a trend documented in recent market analysis showing broader participation as AI narratives and valuation scrutiny evolve. Biotech M&A news has created idiosyncratic movers, including a near-$929 million deal in late-stage talks that pressured some mid-cap biotech shares while contributing to deal-driven sector activity.