US sector ETFs mostly rise; global airlines ETF up 6.7%, energy falls 4.74%

The dispersion inside this single session is the story: airlines and consumer discretionary leading while energy and semiconductors lag points to a rotation with a distinctly cyclical, reopening-flavored tilt rather than a broad risk-on move. Technology's modest slippage alongside a sharper chip selloff suggests the AI-adjacent trade is being treated separately from the rest of the tape. For sector allocators, the gap between airlines and energy is the widest signal here. Whether that energy weakness reflects commodity-specific pressure or a broader demand reassessment is the open question.