IYW is trading at $233.90, down 2.87%, as semiconductor weakness pressures technology stocks.
- Qualcomm’s handset sales and profit outlook disappointed investors, while Arm guidance failed to impress.
- Investors are weighing whether tighter AI and data-center oversight could slow infrastructure investment and chip demand after the midterm results.
- The broader market is mixed: the Nasdaq is down 1.81%, while the Dow is up 0.23%.