Market-
this is a tech-and-chips selloff, not a broad market one — the Nasdaq is down over 2% and the S&P about 1.3% while the Dow is essentially flat and small caps are holding up, with money rotating into defensives like staples and healthcare instead of heading for the exits. Semiconductors are the epicenter, with the SOX through that 11,000 floor and Lam's supply warning doing the damage, $META and $TSLA still dragging after their prints, and a $CRWV downgrade adding fresh pressure on the AI complex. The one offset is rates: the 10-year easing to 5.01% says this is repricing, not panic — jobless claims at a three-month low back that up. Into the close, the SOX close versus 11,000 is the tell, and $BE 's print tonight is the next test of whether quality AI-adjacent earnings can still get bought.