Semis Take a Breather as Q3 Begins — Warsh Adds Rate Fog into the Close
Q3 opens with a split tape: the Dow tagged a fresh intraday record at the open while semiconductors absorbed heavy profit-taking after an estimated 80%+ first-half surge. Fed Chair Warsh at the ECB forum flagged that prices are still too high, clouding the rate outlook heading into the final hour.