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