Tech got hit with a sledgehammer today and chips led the body count.

Tech got hit with a sledgehammer today and chips led the body count.

Oracle down 5.48%, sitting at 135.69. Biggest drop on the board today. Intel off 5.34% at 107.08 — two bruising sessions in a row for a stock that can't catch a break. Broadcom down 4.35% at 360.14. AMD minus 3.9% at 620.68. Nvidia off 2.94% at 230.48. That's five chip and semis names all in the red, all meaningful. The sector got sold hard.

One name bucked it. Amazon down 2.25% at 254.06 — softer than the chip damage but still red.

Now the green. Exxon up 2.71% at 168.50 — energy caught a bid while tech bled out. Netflix up 2.68% at 71.57, holding up with no obvious catalyst, which makes the move more interesting, not less. Walmart up 2.22% at 110.56 — consumer staples catching flows as money rotates out of growth. That's a tell. Salesforce up 1.44% at 227.80 — one of the few software names that didn't get dragged under today.

Futures aren't helping the Friday mood. QQQ down 1.34%. SPY off 0.42%. VIX at 15.41 — elevated but not panicking. Small caps nearly flat, IWM down just 0.05%. Dow futures actually slightly green, DIA up 0.12%. The divergence is real — this is a tech-specific flush, not a broad market collapse.

Asian overnight data unavailable. Gold data unavailable.

Nothing on the economic calendar today. Clean tape, no macro noise to hide behind.

Earnings worth flagging: Delta Air Lines reports before the open with consensus at 1.99 a share — that's the number to watch. HOVR also reports pre-market, estimate at minus 13 cents. Lifecore Biomedical and CLSD both report after the close tonight.

Chip sector took a beating. Energy and consumer staples got a pass while growth bled. The rotation out of semis into defensives is not subtle — Walmart and Exxon don't move like that by accident. Delta's print tomorrow morning could set a tone for transports going into next week.

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