AMD and Broadcom lead tech sector gains with over 5% rises, while healthcare stocks like Pfizer and AbbVie decline amid industry concerns.
Technology stocks surged today, driven by strong gains in semiconductors. AMD jumped 9.29%, Broadcom rose 5.28%, and Intel climbed 5.15%, while Nvidia edged up 0.86%. Apple also gained 0.94%, though Microsoft and Adobe declined 1.63% and 3.28%, respectively.
In contrast, healthcare stocks underperformed, with Johnson & Johnson and AbbVie falling 1.73% and 1.90%. Pfizer led losses in the sector, dropping 2.27% amid broader industry headwinds. Financials and industrials showed mixed results, with Bank of America up 1.24% and General Electric down 0.23%.
The divergence reflects sector-specific sentiment, with optimism in tech offset by weakness in healthcare. Semiconductors remain a standout performer, while software and consumer electronics show uneven performance.