iShares Semiconductor ETF (SOXX) Closes October Below 200-Day Moving Average
The iShares Semiconductor ETF (SOXX) experienced a significant downturn in October, falling 17% over the course of the month. The fund closed at $471.51 on October 30, representing a sharp decline from its September 30 closing price of $568.64. This decline was driven by a broad selloff across the semiconductor sector, which pushed the ETF below its critical 200-day moving average. The breach of this technical indicator suggests increased downward momentum and heightened volatility for semiconductor-related equities.
Tickers: $SOXX
Topics: ETF price movement semiconductor sector technical indicators