Broadcom leads semiconductor gains while Microsoft declines amid regulatory and competitive pressures in US markets.
Broadcom surged 5.31% today, driving gains in the semiconductor sector alongside AMD and Intel, which rose 2.56% and 3.67%, respectively. The rally reflects improving global chip supply and sustained demand for semiconductors.
Microsoft fell 1.57%, weighing on the software sector as investors weighed competitive threats and regulatory risks. Despite the decline, cloud computing segments remain resilient, offsetting some losses.
Financial stocks showed strength, with JPMorgan Chase and Wells Fargo climbing 1.58% and 1.86%, supported by robust loan demand and earnings. Apple edged up 0.35%, reflecting steady performance in consumer electronics.