The semiconductor stocks struggled today, and Advanced Micro Devices, Inc. AMD was one of the worst performers in the space with a decline of 7.95%. Intel Corporation INTC traded lower too. It dropped 4.02%, and closed at $19.82. Bear-Market semiconductor ETFs traded higher on the weakness in the space. Direxion Daily Semiconductor Bear 3X Shares SOXS gained 7.61%, and ProShares UltraShort Semiconductors(ETF) SSG added 5.75%.
Direxion Small Cap Bear 3X Shares (ETF) TZA gained 5.53% today, as the Russell 2000 Index fell 2%. TZA had a solid volume today, with 20.88M traded shares.
ProShares UltraShort FTSE/Xinhua China 25 FXP jumped 4.31%, as China Mobile Ltd. (ADR) CHL fell 1.16%. PetroChina Company Limited (ADR) PTR dropped 1.80%, and closed at $114.45.
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