A new quarter and last Q’s bonuses set no real surprise to see PHLX Semiconductor Index down -3.6% cutting this week’s gain in half
Yesterday’s window dressing having their pants pulled down:
Corning $GLW 227.28, -28.15, -11.02%
Sandisk $SNDK 2085.94, -187.79, -8.26%
At the same time of the Big Mag7 shorts bouncing
Apple $AAPL 292.22, +2.86, +0.99%
Microsoft $MSFT 378.18, +5.16, +1.38%