Equity markets experienced a notable sector rotation as Nasdaq-100 futures faced pressure from a tech selloff while small-cap and defense stocks rallied. The trade deficit reached its lowest level since 2009 at $29.4 billion, and weekly jobless claims were reported at 208,000. Investors are now focused on the upcoming December nonfarm payroll report, with implied volatility increasing by over 11% ahead of the data. In the crypto space, Bitcoin and Ether remained largely unchanged amid growing geopolitical concerns and low trading volume.
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