Chip Stocks Just Fell 8 Days in a Row, Their Longest Losing Streak Since 2008
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The post Chip Stocks Just Fell 8 Days in a Row, Their Longest Losing Streak Since 2008 appeared first on 24/7 Wall St..
The Philadelphia semiconductor index fell 3.8% on October 16, 2026, its eighth straight losing session and its longest run since 2008. The Nasdaq 100 fell 2.5% on the same date, and tech stocks lost more than a trillion dollars in value.
The iShares Semiconductor ETF (NASDAQ:SOXX) tracks a similar index. It fell 4.14% to $493.39. It closed at $589.45 on October 6, so it is now
The Philadelphia semiconductor index fell 3.8% on October 16, 2026, its eighth straight losing session and its longest run since 2008. The Nasdaq 100 fell 2.5% on the same date, and tech stocks lost more than a trillion dollars in value.
The iShares Semiconductor ETF (NASDAQ:SOXX) tracks a similar index. It fell 4.14% to $493.39. It closed at $589.45 on October 6, so it is now
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