According to CNBC, chipmakers fell at the start of the new month of trading as Treasury yields rose, with the VanEck Semiconductor ETF (SMH) down more than 1% and Nvidia, AMD and Micron each falling more than 1%. Energy stocks rose broadly alongside oil prices as tensions in the Middle East persisted, with the State Street Energy Select Sector SPDR ETF (XLE) up more than 1% and EOG Resources, Diamondback Energy and Targa Resources each advancing more than 1%. Robinhood Markets gained more than 2% after Morgan Stanley upgraded the online brokerage to overweight from equal weight, saying HOOD's expanding platform is turning product velocity into stronger customer economics. Novartis rose 4% after positive trial data for its multiple sclerosis drug, with the company saying remibrutinib significantly reduced relapse rates in MS patients relative to another treatments. Duolingo climbed 6% after Evercore ISI upgraded the language education app to outperform from in line, citing strong survey data for the company.