Chip stocks slump as the SOX index falls 8% in morning trade
FROM THE WIRE · FINANCE.YAHOO.COM
NEW YORK, Nov. 5, 2026 /PRNewswire/ -- Market Updates News Commentary - Semiconductor stocks are taking the brunt of a lower market this morning. As of 10:18 a.m. ET, the PHLX Semiconductor Index (SOX) was down 826.18 points, or 8.05%, at 9,442.47, a steeper decline than the…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA sharp drop in the semiconductor index moves the tech sector and the broader US market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01At 10:18 a.m. ET the PHLX Semiconductor Index was at 9,442.47, down 8.05%.
- 02The Nasdaq Composite and S&P 500 were down 3.74% and 2.21% respectively.
- 03The index still stood about 33% above where it finished 2025.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Advanced Micro Devices, Inc.416.61 USD-0.72%today -14.77%Negative Arm Holdings plc American Depositary Shares168.50 USD+0.10%today -12.15%Negative ON Semiconductor Corporation64.13 USD-0.33%today -9.98%Negative Seagate Technology Holdings plc475.87 USD-1.46%today -14.57%Negative PHLX Semiconductor Index9,247.65-1.67%today -9.94%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets