Investing
Add as a preferred source on GoogleThe semiconductor ETF lost more than 4% Friday as chip stocks sold off broadly.
SOXX finished lower Friday, completing its ninth consecutive losing session. It had not posted a run this long since May 2006.
SOXX lost more than 4% Friday. The streak had reached eight consecutive down sessions through Thursday, Oct. 15.
An EconoTimes report on non-chip stocks rising as SOXX fell described a split in Thursday’s trading: Eli Lilly gained 3.6%, Waste Management rose 3.9% and Kimberly-Clark advanced 4.7%.
The index fell 7.5% for the session as Japan’s Nikkei 225 dropped 4.9% and Taiwan’s benchmark declined 3.41%.
The complaint alleges governance and disclosure failures. XTI says a review found no financial misstatements and that it aims to file its delayed second-quarter report by Oct. 26.
The U.S. vote is scheduled for Nov. 3; cited asset-manager reports discuss broad equity trends and make no specific forecast for either stock.
