QUICK SPARK: Semiconductor ETFs Dominate Inflows As SOXX, SOXL Pull In Over $2.1 Billion in One Day
Semiconductor ETFs SOXX and SOXL attracted more than $2.1 billion combined on Monday, while IVV and GLD led redemptions.
A lot of people put money into funds that track computer chip companies on one day, which shows they're interested in that area right now. When lots of money flows into a group of stocks like this, it can hint that people feel hopeful about those companies, but it doesn't tell us if prices will go up or down.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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