Thu. Nov 14th, 2019

Semiconductor ETFs jump as Trump signals potential China trade detente

1 min read

Funds with exposure to semiconductor stocks rallied Monday morning after President Trump suggested more willingness to talk trade with China. Semiconductor companies like NVIDIA Corp.

NVDA, +1.61%

and Broadcom Inc.

AVGO, +1.61%

make the chips that power consumer devices like smartphones. The iShares PHLX Semiconductor ETF

SOXX, +1.08%

was up 1.1% in early-morning trading and the VanEck Vectors Semiconductor ETF

SMH, +1.06%

rose 1.4%. Both are still down about 9% for the month, however.

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