US Sector ETFs Diverge at Open: Staples Up 2%, Semis Down 3.6%

The opening split is less about any single catalyst than about where money is sitting: staples and healthcare catching a bid while chips and tech sell off points to a rotation toward defensiveness rather than a broad risk-off move. That matters for anyone whose RWA or tokenized-equity exposure is benchmarked to tech-heavy indices, since the pain is concentrated in semis rather than spread evenly. Whether the defensive bid holds through the session, or fades as it often does at the open, is the open question.