Tech meltdown deepens while consumer defensive stocks shine bright

Investinglive
2026.06.05 14:46
portai
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US stocks show mixed performance as tech and semiconductor sectors face pressure, with Nvidia and AMD declining significantly. Conversely, consumer defensive stocks like Walmart and Costco rose, reflecting investor flight to safety amid supply chain and regulatory concerns. Healthcare also gained, while Broadcom and Oracle fell. Investors are advised to increase holdings in stable consumer defensive stocks and diversify portfolios to navigate market volatility.