US sector ETFs close mostly lower Wednesday; semiconductor ETF up 69.11% year-to-date

The dispersion here is the story: a single session of broad declines across defensives and cyclicals, yet semiconductors and tech still closed green, extends a year-to-date split that has left chips and biotech far ahead while consumer discretionary sits in negative territory. That gap matters for anyone tracking sector rotation, since it reflects concentrated leadership rather than broad participation. Whether the semiconductor complex can keep outpacing the rest of the market into the fourth quarter, or whether lagging sectors start to close the distance, is the open question worth monitoring.