Tuesday 4 August 2015

Technology, Semiconductor ETFs Slump On Apple's Plunge

Otmane El Rhazi from Investor's Business Daily - ETFs RSS.

Technology and semiconductor ETFs were gouged Tuesday asApple (AAPL) dropped an alarming 3% in early afternoon trade. The iPhone maker sliced through its 200-day moving average Monday. With further losses in the stock market today, the $655.6 billion Cupertino, Calif.-based company is 14% off its April 28 high of 134.54. Apple's massive market cap gives it a dominant position in the ETF world. More than 100 exchange traded funds count it as a top

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