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.
Market Indexes Retreat Tuesday as the Tech Sell-Off Returns
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.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
