S&P sector ETFs mixed; semis up 2.6%, consumer discretionary down

The divergence among sector ETFs highlights a rotation away from consumer discretionary and energy toward semiconductors and tech, suggesting market participants are favoring growth-oriented segments with perceived momentum. This mixed performance indicates selective risk appetite rather than broad-based conviction. The key question is whether this tech-led strength persists or fades as other sectors continue to lag, which would signal a narrowing market leadership.