US stocks indices finished mostly lower on continued tech woes with semiconductors hit – Newsquawk Asia-Pac Market Open

US stock indices finished mostly lower on Wednesday, primarily due to losses in AI-related names, with semiconductors, software, memory and robotics pressured. That said, breadth was very strong, highlighted by gains in the Equal-Weight RSP, while Energy, Materials, and Staples, the best three performing sectors YTD, continued to see gains given their little exposure to the AI complex, while Healthcare was boosted by a strong Eli Lilly (LLY) earnings report. Furthermore, AMD earnings contributed to downside in the tech space, as valuation concerns lingered, particularly over expenses, despite beating on quarterly metrics and guidance. Precious metals also saw downside at…