|Day's range||74.30 - 80.96|
The market may have some answers post-Fed decision, but things are still on edge.
The S&P 500 entered a bear market on June 13, 2022, after dropping more than 20% from its all-time high in January 2021. The index has risen 6% since that fateful day, but that's well below the 20% gain it needs to qualify as a new bull market. It's unclear if a new bull market will start this year, but one of the hottest secular trends -- artificial intelligence -- could catch fire when it finally does.
Shares of semiconductors were outpacing the broader markets, which were quite volatile today. Industry leaders Taiwan Semiconductor Manufacturing (NYSE: TSM), Micron Technology (NASDAQ: MU), and Aehr Test Systems (NASDAQ: AEHR) were up 2.1%, 5.5%. There wasn't any company-specific news today, but the broader semiconductor sector was up strongly, even as many other cyclical industries outside of tech were struggling.