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Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley

Reported · Written up by our desk · Equities

The chief stock-market strategist for Morgan Stanley is sticking with a forecast that the S&P 500 will end the year at 8,000, but growing caution is on display as he identified that support for the key semiconductor sector could come considerably lower.

Latest closeS&P 500 7,623.68 ▼0.5%

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Sources

MarketWatchSupport for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley
MarketWatchSupport for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley

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