Stock Track | Semiconductor Stocks Tumble, Pushing Inverse ETF SOXS Lower

Stock Track11-02

The Direxion Daily Semiconductors Bear 3x Shares (SOXS), an inverse exchange-traded fund (ETF) that seeks to deliver three times the inverse daily performance of the semiconductor sector, plummeted by 5.85% on November 1st, 2024, as the broader semiconductor industry faced significant selling pressure.

The semiconductor sector, represented by the iShares Semiconductor ETF (SOXX), fell sharply during the week, with the news article citing a 4% decline for the semiconductor index. This drop was fueled by disappointing forecasts from major chip makers like Advanced Micro Devices (AMD) and Qorvo (QRVO), which raised concerns about future demand and growth prospects in the industry.

Additionally, the article mentions that technology stocks, including semiconductor companies, were among the hardest hit during the week, with the tech sector losing 3.3%. This bearish sentiment towards technology and semiconductor stocks likely contributed to the inverse performance of the SOXS ETF, which aims to profit from declines in the semiconductor sector.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1161820715?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-02 04:44","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1161820715","market":"us","top_or_hot":-1,"title":"Stock Track | Semiconductor Stocks Tumble, Pushing Inverse ETF SOXS Lower","media":"Stock Track","content":"<p>The Direxion Daily Semiconductors Bear 3x Shares (SOXS), an inverse exchange-traded fund (ETF) that seeks to deliver three times the inverse daily performance of the semiconductor sector, plummeted by 5.85% on November 1st, 2024, as the broader semiconductor industry faced significant selling pressure.</p>\n\n<p>The semiconductor sector, represented by the iShares Semiconductor ETF (SOXX), fell sharply during the week, with the news article citing a 4% decline for the semiconductor index. This drop was fueled by disappointing forecasts from major chip makers like Advanced Micro Devices (AMD) and Qorvo (QRVO), which raised concerns about future demand and growth prospects in the industry.</p>\n\n<p>Additionally, the article mentions that technology stocks, including semiconductor companies, were among the hardest hit during the week, with the tech sector losing 3.3%. This bearish sentiment towards technology and semiconductor stocks likely contributed to the inverse performance of the SOXS ETF, which aims to profit from declines in the semiconductor sector.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Semiconductor Stocks Tumble, Pushing Inverse ETF SOXS Lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Semiconductor Stocks Tumble, Pushing Inverse ETF SOXS Lower\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-02 04:44 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Direxion Daily Semiconductors Bear 3x Shares (SOXS), an inverse exchange-traded fund (ETF) that seeks to deliver three times the inverse daily performance of the semiconductor sector, plummeted by...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SOXS","symbol_name":"三倍做空半导体ETF-Direxion Daily","start_time":0,"source_url":"","article_id":"1161820715","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1161820715","pubTimestamp":1730493873,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"The Direxion Daily Semiconductors Bear 3x Shares , an inverse exchange-traded fund  that seeks to deliver three times the inverse daily performance of the semiconductor sector, plummeted by 5.85% on November 1st, 2024, as the broader semiconductor industry faced significant selling pressure.The semiconductor sector, represented by the iShares Semiconductor ETF , fell sharply during the week, with the news article citing a 4% decline for the semiconductor index. This drop was fueled by disappoint","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SOXS":"三倍做空半导体ETF-Direxion Daily"},"translate_title":"股票赛道半导体股暴跌，推动反向ETF SOXS走低","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOXS":1},"content_text":"The Direxion Daily Semiconductors Bear 3x Shares (SOXS), an inverse exchange-traded fund (ETF) that seeks to deliver three times the inverse daily performance of the semiconductor sector, plummeted by 5.85% on November 1st, 2024, as the broader semiconductor industry faced significant selling pressure.\nThe semiconductor sector, represented by the iShares Semiconductor ETF (SOXX), fell sharply during the week, with the news article citing a 4% decline for the semiconductor index. This drop was fueled by disappointing forecasts from major chip makers like Advanced Micro Devices (AMD) and Qorvo (QRVO), which raised concerns about future demand and growth prospects in the industry.\nAdditionally, the article mentions that technology stocks, including semiconductor companies, were among the hardest hit during the week, with the tech sector losing 3.3%. This bearish sentiment towards technology and semiconductor stocks likely contributed to the inverse performance of the SOXS ETF, which aims to profit from declines in the semiconductor sector.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1161820715"}