According to CNBC, chipmakers declined at the start of the new trading month as rising Treasury yields pressured the broader market, with the VanEck Semiconductor ETF (SMH) down more than 1% and Nvidia, AMD and Micron each falling more than 1%. Energy shares rose broadly alongside oil prices amid persistent Middle East tensions, as the Energy Select Sector SPDR ETF (XLE) climbed more than 1% and EOG Resources, Diamondback Energy and Targa Resources each advanced more than 1%. Robinhood Markets gained more than 2% after Morgan Stanley upgraded the online brokerage to overweight from equal weight, with the bank's analysts saying HOOD's expanding platform is turning product velocity into stronger customer economics. Novartis rose 4% on positive trial data for its multiple sclerosis drug, as the company said remibrutinib significantly reduced relapse rates in MS patients relative to another treatment. Duolingo climbed 6% after Evercore ISI upgraded the language-education app to outperform from in line, citing strong survey data. Medtronic gained 5% after raising its fiscal 2027 outlook, with the medical-device maker now seeing earnings per share between $5.94 and $6, up from a prior range of $5.90 to $6.