Semiconductor stocks rallied sharply, with Sandisk climbing more than 8% and KLA rising 7% ahead of the long weekend, pushing the VanEck Semiconductor ETF (SMH) up over 2%. Tesla dropped 6% after the National Highway Traffic Safety Administration announced an investigation into whether the Cybercab complies with federal safety standards. Lululemon tumbled 17% after posting a weak forecast for the current quarter, expecting earnings between 93 cents and 98 cents per share on revenue of $2.29 billion to $2.32 billion. Oxford Industries sank 17% after cutting its full-year guidance, now anticipating adjusted EPS of $1.60 to $2 per share.
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