US sector ETFs diverge: semiconductor ETF falls 2.84%, financials gain up to 1.05%

The split between chip and tech ETFs on one side and banks on the other points to rotation within US equities rather than a uniform risk-off move, with financials attracting bids even as semiconductors sell off. That divergence matters because it suggests the selling is concentrated in high-multiple growth exposure while rate-sensitive bank names find support. Whether this rotation persists or proves a single-session blip is the open question, and it will show up next in whether chip weakness bleeds into broader tech or stays contained.