US stock futures were mixed after Google-parent Alphabet (GOOG) and Tesla (TSLA) reported earnings. Futures attached to the tech-heavy Nasdaq 100 (NQ=F) rose 0.4%, while futures attached to the Dow Jones Industrial Average (YM=F) slipped 0.

Wall Street's reliance on a small number of high market-value stocks to keep momentum going for the U.S. equities bull market will be tested in coming days as major technology and growth companies report earnings.

This article will be updated throughout the day, so check back often for more daily updates. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is looking like it wants to hit a new all-time high today as shares rise 0.

Six months into President Donald Trump’s second term, a quick glance at the stock market offers a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.

Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.

Retail investors are largely behind the stock market reaching new records, buying $50 billion in stocks in the last month alone, Barclays estimated.

The successor to the first stock market index is getting up there with the S&P 500 and the Nasdaq Composite in all-time-high territory.

The meme stock renaissance seems to reflect a behavior Sosnick calls the “flight to crap.” It’s the inverse of the often-cited “flight to quality” that happens when investors are anxious about a downturn.

Investors held onto hopes that the U.S. and Japan’s trade agreement could lead to a tariff breakthrough with other countries, and pushed the S&P 500 and Nasdaq Composite to fresh record highs.