Wall Street traded in a volatile session on Monday, characterized by a sharp divergence between the broader market and the technology sector.
While major indices managed to post gains, semiconductor stocks faced renewed selling pressure, weighing heavily on the Nasdaq Composite.
The move underscores a continuing rotation in equity markets, with investors moving capital out of high-multiple tech names and into more defensive or value-oriented sectors.
The semiconductor rout follows a mixed week for US equities, where the Dow Jones Industrial Average closed with losses for a third consecutive week.
Although the S&P 500 and Nasdaq had shown resilience in recent sessions, the latest trading day highlighted persistent fragility in the hardware and chip segments.
Market participants are interpreting the divergence as a sign that the rally in broader markets is not being supported by the tech-heavy growth engines that have driven performance in recent years.