Energy stocks remain the lone bright spot — Exxon (XOM) gained 2.2% and Chevron (CVX) added 1.9% Wednesday, the only S&P 500 sector in the green as Brent crude holds above $101/bbl.
Semiconductors defy gravity — TSMC (TSM) reported August revenue surged 53% year-over-year to a record high on AI chip demand. The S&P 500 semiconductor index is up 8% in the past week while everything else bleeds.
