ON Semiconductor stock drops 3.7% into Monday — earnings on Feb. 9, jobs data ahead
ON Semiconductor shares fell 3.7% to $59.89 Friday, with trading volume topping 12.8 million. The Dow, S&P 500, and Nasdaq all closed lower as investors reacted to Kevin Warsh’s Fed nomination, rising inflation, and government shutdown risks. ON will report earnings Feb. 9 after the bell. Chip stocks lagged, with Nvidia and Qualcomm also down.