S&P 500 futures notched a second consecutive session of gains, closing near 7,620 to secure a one-month closing high. Market breadth emerged as the session's defining narrative, with rotation into underperforming sectors successfully offsetting a dip in semiconductor benchmarks. While small caps soft-pedaled the session as the lone outlier, three of the four major equity indexes advanced roughly a third of a percent. Traders now brace for a heavy macro calendar next week featuring retail sales, consumer inflation data, and the official kickoff of corporate earnings season.
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