The story today
1Fermi surges. Fermi Inc. jumped +15.4% today, the largest single-stock move, while crypto-linked Cipher Mining fell -12.1% in volatile trading.
2Defensives outpace. Defensive stocks gained +3.2% as Health sector slipped -3.1%, reflecting rotation into safer holdings amid broad earnings season.
3Risk stays high. 780 risk signals span 453 companies and 240 stocks are down >2.5% this week; 8 earnings reports loom in 14 days.