markets
IONQ -2.55% — Breaking
By SNF Research · Independent market intelligence from Sunday Night Futures LLC
MSFT surges +2.4% intraday to $394.93 while quantum and space names bleed.
Microsoft is leading large-cap tech higher, now at $394.93 vs. prior close $384.93. The move is not lifting risk-adjacent plays: IONQ is down 2.55% to $38.35, ASTS off 2.42% to $67.40, and RKLB sliding 0.77% to $78.48. Small caps (IWM +0.56%) are participating, but the rotation looks concentrated in mega-cap, not speculative tech.
Watch: IONQ $38.00 as near-term support — a break opens a flush toward $36. MSFT $400 is the obvious intraday magnet; rejection there could signal the move is exhausted.