Early trading showed broad strength across growth sectors today. The Magnificent 7 tech names led the charge: Nvidia climbed 1.6%, Tesla rose 1.3%, Alphabet gained 1.1%, Amazon inched up 0.9%, Meta and Apple added 0.6% and 0.5% respectively, while Microsoft posted a modest 0.4% gain.

But the real story was in consumer discretionary. Furniture and home goods stocks popped hard after President Trump announced a postponement on tariff increases targeting upholstered goods—a significant relief for suppliers caught in trade policy crossfire. RH (Restoration Hardware) surged 4.4%, while Wayfair jumped 2.4%, suggesting investors are betting the policy delay translates into breathing room for inventory and margin pressure.

The broader takeaway? Markets are digesting conflicting signals. Tech momentum remains solid, but consumer-facing companies are responding sharply to trade policy clarity. For traders watching macro conditions, this kind of sector differentiation—where protective policy moves spark immediate repricing—often precedes larger shifts in risk appetite.