US Stock Futures Close Mixed Thursday: Dow Up 1.08%, Nasdaq 100 Down 0.30%

The split between Dow and Russell 2000 strength and Nasdaq 100 weakness points to rotation rather than a uniform risk move, with small caps and cyclicals bid while large-cap tech lagged. That divergence matters because it suggests positioning shifts within equities, not a broad directional call. Whether the Russell 2000's outperformance persists alongside Dow strength, or proves a single-session skew, is the open question.