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Tech lunch break: sector down, semiconductors worse

Published 08/10/2017, 12:18 PM
© Reuters.  Tech lunch break: sector down, semiconductors worse
INTC
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NVDA
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AMD
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ASYS
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ON
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XLK
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  • The tech sector (NYSEARCA:XLK) trades down 1.18%, underperforming the broad market.
  • Semiconductors lag behind the sector with the Philadelphia Semiconductor Index down 1.96%, pulled down by (AMD -4.3%) after the concurrent processor announcement with Intel (NASDAQ:INTC); (ON -3.3%) thanks to a general pullback; and (NVDA -3.2%) ahead of today’s aftermarket earnings.
  • Sector gainers include (ASYS +7.6%) and (TTGT +5.8%) after earnings and TechTarget receiving a Stifel upgrade from Hold to Buy.
  • Previously: AMD releases two models of anticipated Ryzen Threadripper processors (Aug. 10)
  • Previously: Intel launching processors to combat AMD (Aug. 10)
  • Previously: TechTarget beats though profits, revenues decline (Aug. 9)
  • Previously: Amtech beats by $0.31, beats on revenue (Aug. 9)
  • Now read: AMD Strengthens Fundamentals With Better Than Expected Second Quarter Earnings


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