On October 31, Invesco S&P 500 Momentum ETF falls 5.02% in Regular Trading, trading at $135.23, with turnover of $259 million.
The move aligns with a sharp selloff in large semiconductor names after Intel issued weaker-than-expected fourth-quarter guidance, pressuring the Nasdaq and growth-oriented momentum baskets.
Recent market coverage indicated Intel projected fourth-quarter revenue of $15 billion to $16 billion, below the roughly $17 billion consensus, while adjusted earnings per share of $0.25 also missed expectations. Reports further noted weakness in PC demand, supply-chain constraints in higher-margin data center chips, and an industry backdrop in which momentum and semiconductor trades had already shown technical fatigue, amplifying downside in momentum-linked ETFs.
The fund generally invests at least 90% of its total assets in securities in its underlying index, which tracks about 100 S&P 500 stocks with the highest momentum scores. It is non-diversified.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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