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Semiconductor ETFs Try to Shake Off Intel’s Earnings Hit

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 .
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