Semiconductor ETFs opened sharply lower Wednesday as earnings from Apple (AAPL) disappointed investors. But the downtrend could reverse as Web giant Amazon (AMZN), a growing player in the cloud computing space, reports tomorrow. The iPhone maker dropped 5% in big volume intraday, weighing down major index exchange traded funds. The company reported narrowly better-than-expected fiscal Q3 sales and earnings, but its Q4 revenue guidance was softer
Wednesday 22 July 2015
Chip ETFs Slump On Apple Woes As Focus Turns To Amazon
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Semiconductor ETFs opened sharply lower Wednesday as earnings from Apple (AAPL) disappointed investors. But the downtrend could reverse as Web giant Amazon (AMZN), a growing player in the cloud computing space, reports tomorrow. The iPhone maker dropped 5% in big volume intraday, weighing down major index exchange traded funds. The company reported narrowly better-than-expected fiscal Q3 sales and earnings, but its Q4 revenue guidance was softer
Semiconductor ETFs opened sharply lower Wednesday as earnings from Apple (AAPL) disappointed investors. But the downtrend could reverse as Web giant Amazon (AMZN), a growing player in the cloud computing space, reports tomorrow. The iPhone maker dropped 5% in big volume intraday, weighing down major index exchange traded funds. The company reported narrowly better-than-expected fiscal Q3 sales and earnings, but its Q4 revenue guidance was softer
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