US equity close: Energy leads the way while memory chip names give back the big rally

The US stock market displayed a clear rotation as energy stocks surged while semiconductor firms faced declines. Western Digital dropped by 6.8%, along with major players Intel and Micron, with Nvidia down by 2%. Conversely, energy stocks, particularly Halliburton with a 6.8% increase, led the charge as crude prices rose by over 4%. A significant event to watch is the Supreme Court decision on tariffs scheduled for tomorrow at 10 am ET, which could impact trades, especially with Costco gaining 3.7% as it may benefit if tariffs are overturned. Ford also showed strong performance, up by 4.8%, influenced by the cyclical nature of durable goods. The movements observed indicate a marked divergence between sectors, influenced by macroeconomic conditions.