US Sector ETFs Mixed at Open: Energy Up 1%, Semiconductor ETF Down 1.6%

The split is the story: money is rotating toward energy and regional banks while semis, the year's leadership group, give ground. That divergence matters because semis have carried broad index returns, so weakness there can weigh on sentiment even when other sectors rise. Regional banks gaining alongside energy suggests the move is about cyclical value rather than pure defense. Whether semis stabilize or the rotation broadens is the open question.