‘Sea of red’: US stocks fall after semiconductor index drops four per cent
CommSec’s James Gruber says US markets experienced a “sea of red” after the semiconductor index fell four per cent.
“It follows a sea of red on overseas markets overnight with the S&P500 down 0.5 per cent and the Nasdaq 1.5 per cent lower as well,” Mr Gruber told Sky News Australia.
“That was mainly due to chip stocks. The semiconductor index fell over four per cent in the US, with some large stocks like Sandisk falling 13 per cent.”
Presented by CommSec.
