The market is exhibiting a fair amount of resolve. with bears failing to gain control. Major indices improved from opening lows to a mixed standing.

The Fear and Greed index is edging into greed territory.

Magnificent seven names are for the most part moving higher. Tesla (TSLA) is leading the pack after getting a price target upgrade from Wells Fargo (WFC). Additionally, Alphabet (GOOG/L) hit a 4 trillion market cap for the first time ever. The move comes after Apple (AAPL) selected Alphabet’s Gemini to provide AI capabilities in the next version of Siri.

Nvidia (NVDA) also sits in green territory after announcing an AI co-innovation lab with Eli Lilly (LLY).

Six sectors are in the green with Consumer Staples (XLP) in the lead, led higher by discount stores, including Dollar General (DG) and Dollar Tree (DLTR). Furthermore, the discount retailer Walmart (WMT) is giving a boost to the sector, as they partner with Alphabet to use AI to improve shopping experience, including more personalized product recommendations. The runner up is Materials (XLB), which is getting a boost from metal prices continuing their move higher.

On the flip side, Financials (XLF) is the laggard, led lower by credit card names following Trumps proposed interest rate cap.

It’s going to be an interesting week for the Fed.

All told, markets are holding up well with the S&P 500 (SPX) facing some resistance at Friday’s all-time ($6,978.36).