Semiconductor stocks fell on Thursday, with the VanEck Semiconductor ETF (SMH) heading for its eighth consecutive losing day, down 2 %. Nvidia lost nearly 2 % while AMD and Marvell Technology fell more than 3 %. FMC Corp suffered the steepest decline of the day, tanking 32 % after slashing its revenue guidance for the third quarter to a range between $65 million and $125 million, sharply below the FactSet consensus estimate of $868.5 million. Consumer staples stocks rose as investors fled the tech sector, with Campbell’s gaining about 5 % and Kimberly-Clark up 4 % after preliminary third-quarter results topped Wall Street estimates. Rocket Lab dropped 11 % following the delay of its Neutron rocket launch to at least 2027.
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