A divergence in US equities saw semiconductor stocks weigh on the S&P 500, even as broader market strength lifted the equal-weight index.
The S&P 500 fell 0.22% as a sharp sell-off in chip stocks offset gains elsewhere. Semiconductor shares led the decline, pressuring the benchmark index despite resilience in other sectors.
The equal-weighted S&P 500 rose 0.24%, reaching a new high as market breadth improved. The contrast highlights a rotation away from mega-cap tech toward smaller and mid-cap stocks.
No immediate market reaction was detailed, but the split performance underscores sector-specific volatility amid broader economic uncertainty.