Wall Street is rotating out of technology and semiconductor stocks into cyclical sectors, with investors dumping chip names and favoring industrials and other areas. Microsoft is seen as a preferred tech play amid the shift, while traditional semiconductors like Intel face selling pressure.
·Chip stocks sink for a second consecutive day as rotation accelerates into cyclical sectors
·Microsoft emerges as preferred tech holding while semiconductor heavyweights face sell-offs
·Industrial sector gaining as investors exit high-flying tech names for value-oriented plays
·Spire stock price target cut by Jefferies amid broader sector rotation dynamics
·Dow hits record levels as chip sell-off drives capital reallocation across market
drawn from Yahoo Finance, 24/7 Wall St., Seeking Alpha, Investing.com · updated 5h ago