Economy News Shares

Wall Street opens lower as tech stocks lag

Wall Street: The New York Stock Exchange opened lower on Friday, hurt by disappointing announcements from Apple and Amazon, which illustrate the effects of supply chain tensions on companies. The Dow Jones Industrial Average opened flat at 35,740.28 points. Standard & Poor’s 500 is down 0.28% at 4,583.54 points, while Nasdaq Composite is down 0.51% […]
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Semiconductor ETFs gets a push from NVIDIA’s strong earnings outlook

The iShares PHLX Semiconductor ETFs (SOXX) and VanEck Vectors Semiconductor ETF (SMH) increased by 0.5% and 0.7%, respectively, on Thursday. Invesco PHLX semiconductor ETFs (SOXQ) increased by 1%. This after Nvidia Corp’s stock rallied, investors upgraded the stock after their solid quarterly earnings. The semiconductor sector got a lift from this.  Meanwhile, Nvidia