Micron and Intel surge over 8% as sector recovery signals renewed investor confidence in tech growth.
Semiconductor stocks drove a broader tech rebound, with Micron Technology (MU) rising 8.79% and Intel (INTC) climbing 10.78%. The gains suggest improving sentiment amid potential earnings strength or supply chain progress.
Consumer cyclicals also advanced, led by Amazon (AMZN) up 0.42%, while communication services lagged, with Google (GOOGL) falling 1.84%. Healthcare stocks like Eli Lilly (LLY) gained 3.56%, adding to the mixed but optimistic market tone.
The shift highlights sector rotation, with investors favoring growth areas like semiconductors over digital advertising and regulatory-exposed names.