Sp500 mini futures traders noted mild divergence in S&P

Traders noted mild divergence in S&P 500 mini futures versus the cash index, suggesting some hedging flows in the derivatives market. Spot-futures basis remains slightly positive, favoring long positions in near-term plays. Plasma's XPL token, as reported in Thursday's Daybook , continues to stutter amid speculation around whether market makers are shorting on behalf of the founding team, a claim that XPL founders have denied. Nasdaq 100 futures fell 15 points, or 0.1%, to 24366. S&P 500 mini futures are modestly higher into midday trading, supported by rotation into growth names. With CME data showing robust open interest, traders anticipate increased futures activity into next week’s economic calendar.