Dow turns positive; S&P down less than 0.2%, Nasdaq falls 0.37%

The divergence matters more than the headline move: a positive Dow against a weaker Nasdaq and a notably softer semiconductor index points to rotation rather than broad risk appetite, with chip names bearing the brunt. That split is consistent with investors favoring cyclical, old-economy exposure over high-multiple tech, though one session's spread says little on its own. Whether semis keep underperforming the broader tape, or this is a single-session wobble, is the open question worth tracking.