The semiconductor stocks struggled today, and Advanced Micro Devices, Inc. (NYSE:
AMD) was one of the worst performers in the space with a decline of 7.95%. Intel Corporation (NASDAQ:
INTC) traded lower too. It dropped 4.02%, and closed at $19.82. Bear-Market semiconductor ETFs traded higher on the weakness in the space. Direxion Daily Semiconductor Bear 3X Shares (NYSE: SOXS) gained 7.61%, and ProShares UltraShort Semiconductors(
ETF) (NYSE:
SSG) added 5.75%.
Direxion Small Cap Bear 3X Shares (
ETF) (NYSE:
TZA) gained 5.53% today, as the Russell 2000 Index fell 2%. TZA had a solid volume today, with 20.88M traded shares.
ProShares UltraShort FTSE/Xinhua China 25 (NYSE:
FXP) jumped 4.31%, as China Mobile Ltd. (ADR) (NYSE:
CHL) fell 1.16%. PetroChina Company Limited (ADR) (NYSE:
PTR) dropped 1.80%, and closed at $114.45.
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