Semiconductor ETFs Try to Shake Off Intel’s Earnings Hit
July 29, 2022 at 17:08 PM EDT
Intel Corp. (NasdaqGS: INTC) dragged on semiconductor sector-related exchange traded funds after the chipmaker surprised markets with a much worse-than-expected quarterly loss and downwardly revised its full-year outlook. On Friday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) increased 0.7% and the Invesco PHLX Semiconductor ETF (SOXQ) was up 1.0%. Meanwhile, Intel shares declined 8.6%. INTC [...] The post Semiconductor ETFs Try to Shake Off Intel’s Earnings Hit appeared first on ETF Trends .
