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Semiconductor ETFs Shed on NVIDIA Negative Outlook

Semiconductor and consumer staples ETFs figure prominently among Thursday's losers.



) -- Semiconductor ETFs are prominent losers in Thursday morning action. The

SPDR S&P Semiconductor ETF

(XSD) - Get SPDR S&P Semiconductor ETF Report

was down nearly 4%. Among its top holdings is


(NVDA) - Get NVIDIA Corporation Report

, which plunged 9.5% on Thursday morning after it slashed its second quarter revenue forecasts.

ETF investors also focused on consumer staples after

Colgate Palmolive

(CL) - Get Colgate-Palmolive Company Report



(K) - Get Kellogg Company (K) Report

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reported worse-than-expected results.

Colgate Palmolive missed revenue estimates on slowing volume growth and pricing pressure. The stock is shedding 7.7% on Thursday afternoon. Kellogg cut its annual guidance to reflect the impact of product recalls. Its stock is down about 5% at $48.98.

Meanwhile, the

SPDR Consumer Staples

(XLP) - Get Consumer Staples Select Sector SPDR Fund Report


Vanguard Consumer Staples Index Fund

(VDC) - Get Vanguard Consumer Staples ETF Report

were losing 1.4% and 1.6% respectively.

-- Reported by Shanthi Venkataraman in New York.

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