STM fell 4.6% pre-market as Nasdaq futures dropped 2.1% and Asian technology markets sold off after disappointing earnings reactions in Amazon and Intel. The decline followed ST's October 29 Q3 report, which beat on revenue and raised its revenue outlook, so the company results were not the negative driver. The broader selloff hit semiconductors as SMH also declined.
STM fell 4.6% pre-market as Nasdaq futures dropped 2.1% and Asian technology markets sold off after disappointing earnings reactions in Amazon and Intel. The decline followed ST's October 29 Q3 report, which beat on revenue and raised its revenue outlook, so the company results were not the negative driver. The broader selloff hit semiconductors as SMH also declined.