Pre-market trade in "US futures markets" shows gains led by biotech, as several firms reported successful trial data. Futures positioning highlights sector rotation from utilities into healthcare growth plays. While Monster is still going strong at a $65 billion market cap , it would be hard-pressed to repeat its 2,000 times performance over the next 30 years. But there's another up-and-coming beverage brand that has only been public for four years and sports a mere $2.4 billion market cap. Could this healthier-for-you drink brand emulate Monster's massive long-term gains? Stocks were knocked down a bit in afternoon trading by declines in key technology names like Palantir Technologies , Tesla and Nvidia . Palantir led the S&P 500's pullback, falling 7.5%, while Tesla and Nvidia dropped more than 1% and almost 1%, respectively. The CBOE Volatility Index spiked, signaling some investors were scrambling to buy some protection against a future S&P 500 decline in the form of put contracts. US dollar weakness is aiding "US futures markets", particularly export-heavy industrial futures. This currency trend may lift profit margins for multinational firms heading into quarterly earnings season.
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