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Columns Major Sell-Off Following Intel and Amazon Results, Labor Market in July Slowed | moovin Stonks
Good morning, traders. Happy Friday, August 2nd. The month started with a red day, and now for a second day in a row, equities in the U.S. are falling hard. Eight out of 11 S&P Global sectors are in the red today, led by Internet Content and Semiconductor companies. My name is Kevin Travers, it is a major pullback day; here are stories from the herd on Wall St today, here are moovin' stonks
Tech is lead...
Tech is lead...
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102826338
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Semiconductor stocks suffered a brutal sell-off on Wednesday, with the $PHLX Semiconductor Index (.SOX.US)$ dropping nearly 7%, marking its worst performance since 2020. $ASML Holding (ASML.US)$ plunged more than 12%, while $Applied Materials (AMAT.US)$, $Advanced Micro Devices (AMD.US)$, $Marvell Technology (MRVL.US)$, and $Lam Research (LRCX.US)$ all fell more than 10%, and $NVIDIA (NVDA.US)$ dropped 6.6%.
What Happened?
The sharp decline in the semico...
What Happened?
The sharp decline in the semico...
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