Semiconductor ETF Rallies Over 2% Premarket on Tech Bargain Hunting Despite Mixed PPI
Reported by Reuters
Sentiment
Positive
Importance
7
Price
$98.4
Mkt Cap
0
52W Low
$40.205
52W High
$110.54
Market data snapshot near publication time
Summary
The Invesco PHLX Semiconductor ETF (SOXQ) is up over 2% in premarket trading, fueled by investor bargain hunting in the tech sector. This rally occurs despite a mixed Producer Price Index report and higher jobless claims. The broader market futures are also higher, with tech leading gains, signaling positive sentiment for semiconductors.
At the time of this announcement, SOXQ was trading at $98.40 on NASDAQ in the Finance sector. The 52-week trading range was $40.21 to $110.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.