S&P 500-0.51%▼: futures point lower after a broad tech-led pullback and energy-market headlines. Nasdaq-1.47%▼: weakness concentrated in Communication Services and Technology, which show notable intraday losses. Russell 2000-0.06%▼: small-cap futures roughly flat on the session. Dow-0.20%▼: modest decline with mixed sector contributions. VIX+6.76%▲: the index rose to 16.73, indicating higher option-implied pricing for near-term moves. Crypto: Bitcoin trading around $63.6k and Ether near $1.85k. What's driving the market this week U.S. military strikes and exchanges with Iran have kept oil prices elevated and reshaped flows into energy and defense-linked names, driving headline-driven volatility across equity futures. China’s Moonshot unveiled a 2.8‑trillion‑parameter open-weight AI model, intensifying competition narratives in large-cap tech and contributing to divergent moves between AI leaders and broader tech names. A multistate cyclosporiasis outbreak tied to shredded iceberg lettuce prompted some Taco Bell locations to remove lettuce and pressured restaurant/foodservice supply-chain headlines, affecting select consumer names.