Chip stocks reportedly fall while some IT services shares gain

A user described a rotation from semiconductors toward software, citing declines for Broadcom, Nvidia and Texas Instruments but gains for Accenture, Infosys, IBM and Microsoft. They reported that the S&P 500 fell 0.48% while their personal portfolio index, YUHID, rose 0.26%. Their takeaway: holding information technology stocks alone does not explain a portfolio’s performance when shares within that sector move in opposite directions.