Wall Street's momentum in early 2026 hit a speed bump as stock market futures turned red across the board. The Dow, S&P 500, and Nasdaq all faced selling pressure as the rally that kicked off the year lost steam.

The weakness rippled through commodities too. Gold and copper both dropped 0.5%, while the crypto sector felt the chill—Bitcoin slid 1.4% and Ethereum declined 1.3%.

On the gainers side, defense and aerospace names showed resilience with $PLTR, $NOC, $LMT, $BA, $HON, $RTX, and $HII climbing. Entertainment played along, with $AMC and $STZ posting gains.

But the pain trade hit semiconductor and tech-adjacent sectors hard. $MSTR, $ASML, $WDC, and solar play $FSLR all retreated, while mining names like $NEM and industrial heavyweights $ABBV and $ALB couldn't find a bid either. Mixed signals from traditional markets and crypto alike—the kind of pullback that tests conviction in early-year bets.