Advertisement
Singapore markets close in 2 hours 16 minutes

  • Straits Times Index

    3,279.13
    -14.00 (-0.43%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,219.09
    +17.82 (+0.10%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,214.14
    -2,545.49 (-3.81%)
     

  • CMC Crypto 200

    1,390.90
    +8.33 (+0.60%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,330.40
    -8.00 (-0.34%)
     

  • Crude Oil

    82.94
    +0.13 (+0.16%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,570.29
    -1.19 (-0.08%)
     

  • Jakarta Composite Index

    7,154.20
    -20.33 (-0.28%)
     

  • PSE Index

    6,585.13
    +12.38 (+0.19%)
     

How Semiconductor Stocks Performed amid Sell-Off

Adam Rogers
Updated
How Semiconductor Stocks Performed amid Sell-Off

Semiconductor stocks have also had a volatile year. These stocks have corrected significantly after trading at record highs earlier this year. The SMH VanEck Vectors Semiconductor ETF (SMH) has fallen 1.5% in 2018. Micron (MU) stock rose from $39.40 on February 5 to $62.62 on May 29. The stock has since declined 33.5% to $41.61. Micron stock has lost 8% this month, and it fell 1.6% yesterday. The 2019 forward price-to-earnings for Micron is 4.06x and 4.24x for 2020.

Continue reading