NYSE trader: Chip stocks face some serious headwinds, as Morgan Stanley points out

Yahoo Finance Video

Tech stocks are the sector leaders for August, up 4% and set for an 8-day winning streak. But Morgan Stanley is doubling down on its bearish tech call from Monday -- today downgrading chip stocks to "cautious." Keith Bliss of DriveWealth joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss.

Scroll to continue with content
Ad

What to Read Next