Tech Is Getting Hit Hard. Why the Dow Is Actually Rising Today.

The Dow was up 140 points, or 0.3%, and on the upswing after dropping at the open. The iShares Semiconductor ETF was still down 7.1%, but consumer staples, health care, real estate, utilities, and financials were all posting solid gains. A solid majority of S&P 500 stocks were rising, but Sandisk, Lam Research, Vertiv Holdings, and KLA were all down 8% or more.