PHLX Semiconductor Index Falls 15.7% Across Eight Sessions

The PHLX Semiconductor Index fell 15.7% over eight trading sessions through Oct. 16, and its subsequent rebound left chip shares far behind the broader U.S. market. The index closed at 13,217.82 on Oct. 6 and 11,137.29 on Oct. 16, declining in each of the eight intervening sessions. A 1.6% gain on Oct. 19 ended the losing streak, lifting it to 11,316.34. It was still down 14.4% from Oct. 6, while the S&P 500 lost 1.6% over the same period.

Source: TokenPost