Movement Alert|Semiconductor ETF-HOLDRs Rises 3.1% Pre-Market, Broad Semiconductor Sector Rally Led by Intel and AMD

Market Focus04-24

On April 24, Semiconductor ETF-HOLDRs (SMH) rose 3.1% pre-market, trading at $496.4/share, with trading volume of approximately $10.72 million.

The move comes amid a broad pre-market rally across the semiconductor sector. Intel surged over 30% at one point, AMD climbed more than 10%, and ARM gained over 8%. The sector had already been building momentum, extending gains from the prior session on April 22 when semiconductor stocks delivered strong pre-market performances. The widespread strength across major chipmakers has lifted the entire semiconductor complex, directly driving the ETF higher.

The fund normally invests at least 80% of its total assets in securities that comprise its benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry, which may include medium-capitalization and foreign companies listed on a U.S. exchange. The fund 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.)

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