Wall Street Opens Mixed as Chip Rout Deepens, Oil Surges and Energy Leads Early Rotation
Executive summary: U.S. markets opened with a sharp split between growth and value, as chip and tech shares sold off hard while energy and banks outperformed. The Nasdaq and Russell 2000 were lower, the S&P 500 slipped, and the Dow held a modest gain. The biggest move was in semiconductors, where SOXX dropped -12.9%, while WTI crude jumped +7.7%, helping lift energy stocks and financials. The session points to a rotation away from rate-sensitive and AI-linked names toward sectors tied to higher oil prices and a firmer inflation backdrop. [Continue Reading]
360LiveNews Markets Intelligence | 08 Jul 2026 14:45 LONDON
Sponsored
Wall Street opens higher as banks, metals and defense lead, while chips and tech slide
Executive summary: US stocks opened mixed but broadly firmer, with the Dow, S&P 500 and Nasdaq all higher, while the Russell 2000 was little changed. The standout move was a sharp drop in AI and chip shares, even as banks, defense contractors and precious metals rallied. Gold, silver, platinum and palladium all advanced, WTI crude edged higher, and Bitcoin also gained. The opening tone points to a rotation away from high-multiple tech and into financials, defense and hard assets. [Continue Reading]
360LiveNews Markets Intelligence | 07 Jul 2026 14:45 LONDON
