SWKS - Qualcomm Skyworks Swoon With Nasdaq as Apple Lowers the Boom
The Nasdaq Composite (NASDAQINDEX: ^IXIC) has been on top of the world for much of 2020, but at least on Friday, it wasn't able to duplicate its strong performance. The much-watched benchmark was down about 1% as of noon EST.
Some market commentators speculated about the impact of stimulus negotiations in Washington and the potential for a possible compromise, while others concentrated on the attacks that many high-profile tech stocks have taken lately. However, squarely in the crosshairs today was Qualcomm (NASDAQ: QCOM) , and the attack came from a somewhat unexpected source: Apple (NASDAQ: AAPL) . The news was enough to send Skyworks Solutions (NASDAQ: SWKS) and some other Apple-reliant companies lower as well.
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Qualcomm, Skyworks Swoon With Nasdaq as Apple Lowers the Boom