Chip Stocks Retreat As Yemen’s Houthis Enter The War; Alphabet, Tesla Earnings Ahead
Red Sea Blockade Please click here for an enlarged chart of Direxion Daily Semiconductor Bull 3X ETF (NYSE:SOXL). Note the following: Semiconductors are the leading sector that has been driving the stock
Chip company stocks went down because of worries about ships getting blocked in the Red Sea, which could slow down the parts these companies need. When investors get nervous about world events, they sometimes sell tech stocks first, so watching chip prices can help you understand how worried people are feeling.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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