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Semiconductor Shares Sink; SMH Down 1.5%

By Market News Video Staff, Wednesday, October 6, 2:07 PM ET

On Wednesday, 29 of the 30 components of the PHLX Semiconductor Index are in the red, with the sole standout being Intel (NASDAQ:INTC). This has the Semiconductor HOLDRs ETF (AMEX:SMH) trading lower by 1.5% today and the Direxion Daily Semiconductor Bear 3X ETF (AMEX:SOXS) gaining 5.5%.

Notable components in the index today include Atheros Communications, Inc. (ATHR), lower by 3.1% and Cirrus Logic, Inc. (NASDAQ:CRUS) off 4.7%. It should be noted, however, the index gained almost 2.3% during Tuesday's rally, so this could just be profit-taking by the traders.

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This Article's Word Cloud:   AMEX   ATHR   Atheros   Bear   CRUS   Cirrus   Communications   Daily   Direxion   HOLDRs   INTC   Index   Intel   Logic   Notable   PHLX   SOXS   Semiconductor   This   Tuesday   Wednesday   almost   being   components   could   during   gained   gaining   however   include   index   just   lower   noted   profit   rally   should   sole   standout   taking   this   today   traders   trading   with
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Semiconductor Shares Sink; SMH Down 1.5% | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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