Several industries are today responding to the Federal Reserve's outsized interest rate cut. The chip sector is having a positive reaction to the policy move, with Arm Holdings PLC (NASDAQ:ARM) and ASML Holding NV (NASDAQ:ASML) shares rallying as investors return to a risk-on attitude.ARM was last seen 2.6% to trade at $141.99 at last glance, testing a ceilings at the $150 level after conquering the 20-day moving average earlier this month. Shares have pulled back quite substantially from a July 9, record h ...