Yesterday, all three major US stock indexes closed in the green, and the tech sector showed some interesting divergence. Broadcom led the gains this time, with a single-day increase of over 2%, while Google and Meta also posted gains of more than 1%. However, chip giant Nvidia and Apple were a bit sluggish, with slight pullbacks of less than one point.

Storage stocks really broke out yesterday—SanDisk soared over 7%, and Micron Technology followed with a gain of just over 4%. On the retail side, Macy’s and Dillard’s both rose more than 2%, suggesting consumer data is holding up.

Crypto-related stocks all stalled yesterday, joining the integrated oil and gas sector as frequent names on the decliners list. Chinese concept stocks, on the other hand, performed quite well, with the Nasdaq Golden Dragon Index closing up 1.29%, and most popular names moving higher. Overall, market sentiment remained stable, and sector rotation was clear.