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 a year-end forecast for the S&P 500 at 8,000 while identifying that semiconductor sector support could be 15% lower than current levels. The strategist did not specify which semiconductors or timeframe for the lower support level. Morgan Stanley reported this assessment in its market strategy materials.

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

Next story