Semis erase gains with market plunge

Aug. 14, 2019 11:33 AM ETXLK, IGM, IYW, XNTK, VGT, QTEC, RYT, REW, ROM, FXL, TECL, TECS, FTEC, JHMT, XITK, FNG, UFOBy: Brandy Betz, SA News Editor
  • The tech sector (NYSEARCA:XLK) -2.5% is among those hit by today's broader sell-off, which was driven by global downtown fears after yield curve inversions in the U.S. and UK.
  • The Philadelphia Semiconductor Index was seeing green on yesterday's partial tariff delay but now trades down 2.9%.
  • The S&P 500 IT index is down 2.5%, the tech-heavy Nasdaq 100 dips 2.4%, and the S&P 500 and Nasdaq are down 2.2% and 2.4%, respectively.
  • Related broad tech ETFs: XLK, VGT, TECL, FTEC, IYW, ROM, QTEC, RYT, FNG, TECS, IGM, FXL, XNTK, REW, JHMT, XITK, UFO

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