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Market swings track rotation as some sectors fall and indexes hover near highs

WSJ Markets points to a mix of weakness in chip stocks and strength in transports, keeping major indexes close to record levels.

Reported · Written up by our desk · Indices

WSJ Markets looks at what is behind the latest swings in US markets using charts, highlighting a pattern of sector rotation rather than a broad collapse.

The outlet notes that chip stocks have been falling, while transports and broader indexes have been rising, with key index levels still near record territory.

Overall, the market action described is a push and pull across sectors, with some parts of the equity market under pressure even as others maintain strength.

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