🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Afternoon tumble for tech led by FAAMG, chips

Published 06/09/2017, 01:51 PM
© Reuters.  Afternoon tumble for tech led by FAAMG, chips
US500
-
DJI
-
MSFT
-
GOOGL
-
AAPL
-
AMZN
-
TXN
-
AMD
-
NFLX
-
CRUS
-
CY_old
-
META
-
IYW
-
FXL
-
REW
-
XSD
-
TECS
-
TECL
-
SOXS
-
SOXL
-
SMH
-
IGM
-
PSI
-
USD
-
ROM
-
SSG
-
RSPT
-
XNTK
-
XLK
-
VGT
-
QTEC
-
SOXX
-
GOOG
-
FTEC
-
JHMT
-
TCHF
-
TECZ
-
XITK
-
FTXL
-
  • Nvidia is down 6% after Citron likened the high-riser's gains to "frenzied casino action." Other chip names: Advanced Micro (AMD -5%), Cirrus Logic (CRUS -4.9%), Cypress Semi (CY -3.4%), Texas Instruments (TXN -2.5%).
  • Notable ETFs: SOXL, SMH, SOXX, USD, XSD, PSI, SOXS, SSG, XTH, FTXL
  • Meanwhile in the large-cap names, Goldman's Robert Boroujerdi says the one-way direction (up) is leading investors to underestimate risks. He notes that if FAAMG were its own sector, it would have lower realized volatility than consumer staples and utilities.
  • Apple (AAPL -3.4%), Facebook (FB -2.6%), Google (GOOG -2.5%), (GOOGL -2.6%), Amazon (AMZN -2.1%), Microsoft (MSFT -2.6%), and Netflix (NFLX -4%) (for FAANG fans).
  • The Nasdaq is down 1.4% vs. the S&P 500 flat, and the Dow modestly in the green.
  • Broad tech ETFs: XLK, VGT, TECL, FTEC, IYW, ROM, RYT, QTEC, IGM, TECS, FXL, MTK, REW, JHMT, XITK, TECZ, TCHF
  • Now read: AMD: A Big Winner From Apple's Developer Conference


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.