Technology (XLK) took a break yesterday, and the rest of the market caught a bid, including Energy (XLE).

With momentum and growth giving way, investors rediscovered small-caps.

Top Advancers

Also, joining oil stocks were homebuilders, as the Trump administration continues its efforts to address housing affordability. 

Productivity

Labor productivity erupted higher, corresponding with a sharp decline in unit labor costs. This is huge and could have a greater impact on artificial intelligence (AI) than economists are willing to consider or admit.

Output was higher, as hours worked slowed, and compensation eased from a year earlier.

Tariffs are working, and this year should see a ramp-up of onshoring and reshoring.