NVDA and MU decline while GOOGL and AMZN rise, contrasting with healthcare stocks like LLY and CVS under pressure.
Technology stocks led gains in early trading, with Alphabet (GOOGL) up 2.28% and Amazon (AMZN) rising 1.34%. The sector’s strength contrasted with declines in semiconductors, including Nvidia (NVDA) down 1.22% and Micron (MU) off 2.44%.
Healthcare stocks faced broader pressure, with Eli Lilly (LLY) falling 1.58% and CVS slipping slightly. Financials showed mixed results, as Bank of America (BAC) climbed 1.64% while American Express (AXP) dipped 0.58%.
The divergence highlights sector rotation, with investors favoring big tech and consumer cyclicals amid shifting market sentiment. Semiconductor weakness persisted despite broader tech resilience.