🎯 CHIP STOCKS SPARK WALL STREET REBOUND DESPITE FRESH RATE HIKE FEARS 📍 NEW YORK, UNITED STATES 🟨 OUR ASSESSMENT: Money flowed back into semiconductor names even as Treasury yields moved higher, creating a clear separation between the market's favored growth assets and the broader economy. That matters because rising yields normally pressure high valuation technology stocks rather than support them. Investors appear willing to treat chipmakers as a distinct category whose earnings prospects may outweigh financing concerns that affect other sectors. The narrower market breadth is harder to ignore. A handful of technology companies lifted major indexes while most stocks lagged behind, leaving headline gains stronger than underlying participation. If that pattern persists, future market direction will depend less on the economy as a whole and more on whether semiconductor firms keep delivering growth that justifies premium valuations. The next test is not whether rates rise, but whether chip industry demand remains strong enough to absorb another period of tighter financial conditions. Writer: Anita