On the heels of Intel’s (INTC) not-so-good fourth-quarter earnings report, the semiconductor exchange traded fund (ETF) took a spill to a three-year low.

Intel makes up 24.2% of the Semiconductor HOLDRs ETF (SMH), and the company is a bellwether of the semiconductor sector, reports Wanfeng Zhou for Forbes. They reported earnings of 38 cents a share, below the 40 cents estimated by analysts. SMH’s low, reached intraday on Tuesday, was its worst level since September 2004.

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The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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