VanEck Semiconductor ETF (SMH) Drops Below 200-Day Moving Average Amid Tech Selloff
The VanEck Semiconductor ETF (SMH) experienced a significant decline, falling 9% during Friday mid-afternoon trading. This drop marks the first time the fund has traded below its 200-day moving average since June 2025, signaling a potential shift in momentum for the semiconductor sector. The selloff appears to be part of a broader contraction across technology stocks and the wider U.S. equity market. The breach of the 200-day moving average is a key technical indicator that often suggests a transition from a long-term uptrend to a more bearish or consolidated phase.
Tickers: $SMH
Topics: ETF decline semiconductors tech selloff
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