Tesla, KLAC among market cap stock movers on Friday

Major U.S. equities experienced significant divergence during Friday trading, led by sharp declines in high-profile mega-caps alongside robust gains across semiconductor equipment and chip manufacturing stocks. Tesla Inc. (TSLA) emerged as one of the most prominent mega-cap decliners of the session, dropping over 6% amid broader market volatility and selective risk-off positioning among high-valuation technology and growth leaders. In contrast, the semiconductor sector demonstrated strong relative strength. KLA Corporation led large-cap technology advancers with a rally exceeding 7%, accompanied by gains in peers including Micron Technology (+4.3%), Applied Materials (+3.8%), Advanced Micro Devices (+3.5%), and Lam Research (+3.5%). The divergence highlights active rotation across tech subsectors as investors digest macro data. Elsewhere across the market, notable single-stock volatility was recorded in consumer and enterprise software names. Guidewire Software plummeted over 21% and Lululemon Athletica dropped over 17%, while Fair Isaac declined nearly 16%. Overall market sentiment remained bifurcated as market participants rebalanced exposures across cyclical tech and consumer discretionary assets.