NewsFeeder
11-29-2018, 06:51 PM
[$$] Slumping Semiconductor Stocks Don’t Bode Well for Broader Market
Global trade tensions have pummeled shares of highflying semiconductor companies like Advanced Micro Devices Inc., Micron Technology Inc. and Nvidia Corp. over the past two months. Investors are looking to the Group of 20 summit that starts Friday for updates on trade talks with China, and any further pressure on chip stocks could spell more trouble for the broader market. The broad stock-market index and the semiconductor group, which makes up 3.2% of the index, have moved in the same direction 78% of the time this year, according to Dow Jones Market Data.
https://finance.yahoo.com/m/ef13fafc-55f1-3053-aadb-a528ce2458f1/%5B%24%24%5D-slumping-semiconductor.html?.tsrc=rss
Global trade tensions have pummeled shares of highflying semiconductor companies like Advanced Micro Devices Inc., Micron Technology Inc. and Nvidia Corp. over the past two months. Investors are looking to the Group of 20 summit that starts Friday for updates on trade talks with China, and any further pressure on chip stocks could spell more trouble for the broader market. The broad stock-market index and the semiconductor group, which makes up 3.2% of the index, have moved in the same direction 78% of the time this year, according to Dow Jones Market Data.
https://finance.yahoo.com/m/ef13fafc-55f1-3053-aadb-a528ce2458f1/%5B%24%24%5D-slumping-semiconductor.html?.tsrc=rss