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

Source: marketwatch.com

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

Morgan Stanley’s chief stock-market strategist maintained his forecast for the S&P 500 to end the year at 8,000. He also flagged growing caution, saying support for the semiconductor sector could come considerably lower.

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