In the tech sector, Morgan Stanley analysts advise caution on cybersecurity valuations, which they believe have outpaced business realities, particularly for companies like Qualys and Rapid7. They recommend favoring cybersecurity firms poised to benefit from AI-driven consolidation, naming Palo Alto Networks as their new top pick.

In defense, Northrop Grumman has completed the Pentagon's qualification process to produce rocket motors for the Patriot missile system. This comes as the U.S. aims to more than triple annual Patriot missile output to 2,000 by 2030. Northrop CEO Kathy Warden stated the company has production capacity and is beginning to build ahead of a final contract, starting at a smaller scale that will grow.

Bitcoin reached a five-week high, trading at $66,602, supported by rising U.S. stock futures and renewed institutional demand evident in spot Bitcoin ETFs recording net inflows for two consecutive weeks. Analysts identify $70,000 as the next upside target, with support at $65,000.