U.S. stocks closed sharply divided overnight.

The Dow stubbornly ended higher, up 0.38%; the S&P 500 was nearly flat, down 0.06%; and the Nasdaq 100 fell 0.71%. The worst performer was the Philadelphia Semiconductor Index, which plunged 2.67%. Decliners outnumbered advancers, and selling pressure was heavy across growth stocks.

The tech giants also split: Meta rose 3.38% against the trend, Apple gained 1.29%, and Microsoft added 1.14%; Nvidia fell 1.29%, Tesla dropped 1.22%, and Amazon lost 1.11%.

Memory and optical communications stocks led the sell-off tonight—the memory sector fell 4.04% overall, with Micron down 3.88%; the CPO sector dropped 3.55%, and some leading optical module makers fell nearly 10%. Semiconductor and AI chip stocks were also under pressure, with losses across the board.

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