Vaneck Semiconductor Etf (SMH)

Shares of VanEck Vectors Semiconductor (SMH) dropped by 3.87% from $144.27 to $138.68 in the trading Wednesday, October 25, 2023. The reason why SMH is down today is due to broader market movements. The Nasdaq Composite entered correction territory as technology company stocks experienced a steep decline. Alphabet's shares dropped nearly 10% after reporting quarterly results, raising concerns among investors about the resilience of tech stocks. Other tech giants like Amazon.com, Apple, and Nvidia also saw lower stock prices. However, Microsoft's cloud results provided a boost to its shares. Overall, the tech-heavy Nasdaq index fell more than 10% from its recent high. All of these factors might contribute to the decline in SMH'a stock price.

Shares of VanEck Vectors Semiconductor (SMH) dropped by 3.03% from $151.39 to $146.81 in the trading Friday, September 15, 2023. The reason why SMH is down today is due to broader market movements, including the cooling enthusiasm following the Arm IPO and the United Auto Workers (UAW) strike against major U.S. automakers, including General Motors (GM), Ford (F), and Stellantis (STLA). This simultaneous strike against all three automakers marked a significant development and likely contributed to market uncertainty on that day.