SOX-to-S&P 500 Ratio Falls to Lowest Level Since Late April
Photo: TokenPost
U.S. chip stocks trailed the S&P 500 through Oct. 16, sending their index ratio to its lowest since late April while investors scrutinized financing for artificial-intelligence infrastructure. The PHLX Semiconductor Sector Index (SOX) closed at 11,137.29 on Oct. 16, its eighth straight declining session. The S&P 500 ended the day at 7,659.44. Dividing the SOX close by the S&P 500 close gives a ratio of about 1.45. The ratio compares the closing levels of two price indexes. Its decline shows that semiconductor shares lost ground relative to the broader market; it does not represent a dollar loss.
Source: TokenPost
