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In a recent trading session, the Nasdaq index took a hit as chip stocks continued their downward spiral, amid diverging results from major banks like Citigroup and Goldman Sachs. The PHLX chip index faced a substantial decline, sparking fears surrounding competition in this sector. Despite the turbulence, analysts…
VHO - Asian stocks recovered slightly on the morning of October 14th after a sell-off in chip stocks, but high oil prices and concerns about US inflation continued to limit buying sentiment.
Western Digital Corp. NASDAQ:WDC stock traded lower Tuesday as investors weighed a UBS price-forecast cut, broader weakness across semiconductor stocks and concerns about increasing storage and memory supply.• Western Digital shares are experiencing downward pressure. Why is WDC stock retreating?UB…