Tech stocks struggle: Utilities and consumer defensive sectors rise

May 12, 2026
-FXnews

📉 Semiconductor Sector: Challenges Persist

The semiconductor sector is facing notable pressure today, with major companies like Micron Technology (MU) experiencing a significant decline of 6.07%. Intel (INTC) follows closely, falling by 7.05%. These declines contribute to a broader pullback in the technology sector, amidst concerns over supply chain disruptions and reduced demand.

📈 Consumer Defensive & Healthcare: Resilient Surge

While tech stocks face a downturn, the consumer defensive sector shows strength, led by Walmart (WMT) with a rise of 1.55% and Costco (COST) impressively up by 1.72%. Healthcare also sees gains, as Eli Lilly (LLY) jumps 2.14%, supported by strong reports of drug efficacy.

🚀 Utilities Sector Outperforms

Utilities are a standout performer, offering a safe haven amidst volatility. Consolidated Edison (ED) climbs 1.12% and NextEra Energy (NEE) maintains stability with a minor shift of -0.47%, reflecting investor preference for stable income sources during uncertain market conditions.

🏦 Financial Sector: Mixed Signals

The financial sector presents a mixed outlook

Tech stocks struggle: Utilities and consumer defensive sectors rise

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