NEW YORK (
) -- Semiconductor ETFs are prominent losers in Thursday morning action. The
SPDR S&P Semiconductor ETF
was down nearly 4%. Among its top holdings is
, which plunged 9.5% on Thursday morning after it slashed its second quarter revenue forecasts.
ETF investors also focused on consumer staples after
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.
SPDR Consumer Staples
Vanguard Consumer Staples Index Fund
were losing 1.4% and 1.6% respectively.
-- Reported by Shanthi Venkataraman in New York.
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