WS #10795
S&P 500 and Nasdaq extend losing streaks to five days; healthcare (XLV) has best week vs S&P 500 on record; hyperscalers punished while semis rip; sentiment shift not fundamental. Apple's VP of hardware engineering for Vision Products Group, Paul Meade, leaves for OpenAI's hardware division, a blow to Apple's AR/glasses efforts.
Tech Selloff and Healthcare Rotation
S&P 500 and Nasdaq extend losing streaks to five days; healthcare (XLV) has best week vs S&P 500 on record; hyperscalers punished while semis rip; sentiment shift not fundamental.
Apple's VP of hardware engineering for Vision Products Group, Paul Meade, leaves for OpenAI's hardware division, a blow to Apple's AR/glasses efforts.