Semis got lit on fire today and the banks didn't escape either.

Semis got lit on fire today and the banks didn't escape either.

Intel down 5.59%, closing at 97.19. Worst of the session. Broadcom off 4.77% at 344.72, AMD down 4.4% at 493.41, Nvidia dropping 3.36% to 210.96. Chips got crushed across the board — that's not noise, that's a sector rotation signal. Oracle slid 3.65% to 144.79, adding to the tech pain.

Bank of America down 5.14% to 59.47. Rate sensitivity biting hard.

Now the green. Salesforce up 4.73% to 259.43 — enterprise software bucking the trend entirely. Netflix gained 3.77%, sitting at 80.32. Google up 3.22% to 349.39. Meta added 2.71% to close at 665.60. Two different stories inside the same session — semis got hit, but big-cap internet held a bid.

Futures still leaning negative. SPY off 0.45%, QQQ down 0.8% — tech weakness carrying overnight. VIX at 17.1, elevated but not panicking. Gold data unavailable. Asian markets data unavailable tonight.

ETFs confirm the skew. QQQ taking the hardest hit at minus 0.80%. IWM down 0.34%, DIA off 0.25%. Growth is where the pressure lives.

Nothing on the economic calendar tomorrow. Clean tape for price action to breathe.

Earnings to watch. FedEx reports after the bell — consensus sitting at 4.05 EPS. That's your macro bellwether for logistics and consumer demand. Lennar also after close, 1.32 EPS estimate — housing data in real time. ISPR reports before the open, estimate 0.015. LUXE pre-market, expected loss of 0.08. ABAT and ALMU after close, both projected losses — small caps, wide spreads, trade carefully.

Semis had a rough Tuesday. If QQQ futures don't stabilize overnight, Wednesday opens ugly for tech. Watch FedEx — if they miss, the macro narrative shifts fast.

Numbers don't lie. People do. Trade accordingly.