The S&P 500 futures chart continues to build a higher-low structure, often seen in sustainable uptrends. If this formation holds through week’s end, technical targets point toward the 5,250 mark. End-Market Strength & Technological Advancements : Despite a slowdown in manufacturing activities, demand across key end markets remains stable. Electronics manufacturers have been gaining from higher adoption of advanced manufacturing technologies and processes by original equipment manufacturers. The requirement for integrating advanced electronic components into machinery and electronic devices has supported the electronics manufacturing services market. Additionally, with the gradual development of business models and cutting-edge technologies, several industry players have been banking on digitizing their business operations for a while now. Digitization has been enabling industry participants to boost their competitiveness through enhanced operational productivity, product quality and better cost management. The underlying index to the futures, the S&P 500 ESG Index, also celebrated its fifth anniversary in May. Since its inception more than five years ago, the S&P 500 ESG Index has had a tracking error of 1.33%, outperformed the S&P 500 by 1.62% on an annualized excess total return basis and a cumulative outperformance of 17.5% 1 . This is impressive given the objective of the ESG Index is not to outperform the benchmark. As per the S&P 500 futures chart, energy sector strength is helping keep the index buoyant, with crude oil prices near short-term highs. Commodity-linked gains may add fuel to equity moves.