S&P 500 Falls as Trump Declares Iran Deal 'Over,' Chip Stocks Buck Selloff

📉 MARKETS — S&P falls on ceasefire death while chip stocks defy the selloff. 📌 LOOK CLOSER: Trump's "deal is over" converted military escalation into an equity event. S&P drops reflect war risk repricing across energy and supply chains. Broadcom's chip gains reveal a market split: war punishes broad indices, but semiconductors absorb defense and AI tailwinds. That divergence marks where institutional money is rotating.