Stocks Power Ahead on Tech Rally

What You Need To Know

• Stocks rebounded after their worst week since April as investors turned their focus to the start of the technology earnings season.
• The S&P 500 rose 1.2%, and a gauge of the Magnificent Seven megacaps rallied 2.7%, led by gains in Tesla and Nvidia.
• The recent outperformance of U.S. small caps, though, is facing technical resistance and a lack of momentum, says Morgan Stanley's Mike Wilson.