There is a “buy the dip” disposition in the market today, following Friday’s retreat. Major indices are near sessions highs with Mega-caps contributing to today’s move. The Russell 2000 is performing in-line with the broader market.

Confidence is starting to build as the Fear & Greed Index moved to Greed from Friday’s Neutral.

Communication Services, Technology and Utilities are leading today while Financials and Energy lag.

June Factory Orders fell by -4.8% m/m, missing consensus of -4.9% after jumping 8.2% in May.

After the bell, Palantir Technologies (PLTR) is scheduled to report earnings. Overall, the stock has had a positive reaction, and the Street expects more given the strong results that company has reported in the recent year.