Market Indexes Retreat Tuesday as the Tech Sell-Off Returns
Monday's semiconductor rebound didn't last long. Apple's AI reveal and renewed chip weakness are dragging down the major indexes.
Overview
Monday's semiconductor rebound lasted exactly one trading session. The iShares Semiconductor ETF (NASDAQ: SOXX) was down by 8.6% at 12:44 p.m. ET, reflecting broad price drops in the chip sector. The same tech giants also weighed on the usual marketwide indexes. The Nasdaq Composite (NASDAQINDEX: ^IXIC) index was down 2.8% at the same point, ahead of a 1.6% drop for the S&P 500 (SNPINDEX: ^GSPC) and a 0.6% Dow Jones Industrial Average (DJINDICES: ^DJI) retreat.
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Originally published at www.fool.com.
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