US sector ETFs mostly fell Monday, utilities down 2.01%

The split here is the story: defensive and rate-sensitive sectors like utilities and financials sold off while growth-linked groups such as semiconductors, biotech and consumer discretionary led. That divergence points to a rotation rather than broad risk-off, with capital favoring cyclically sensitive tech over yield proxies. The mild airline losses alongside tech gains suggest the move is sector-specific, not a blanket sentiment shift. Whether utilities' weakness reflects positioning around rates or simple profit-taking is the open question, and the next session's breadth will show if this rotation has legs.