- Semiconductor index declined for 7 consecutive sessions, matching longest streak since 2008
- Index dropped 12.4% over the period, erasing $2 trillion in market value
- This is the 5th correction of at least 10% this year
- Over 50% of constituents are down at least 10% from highs
- Only 2 longer streaks in past 20 years (2006, 2008)
- The Philadelphia Semiconductor Index fell for a seventh consecutive trading day, matching its longest losing streak since the 2008 financial crisis. The index lost 12.4% over the period, erasing $2 trillion in market value. This is the fifth correction of at least 10% this year. Over 50% of the index's components are down at least 10% from their highs. Only two longer streaks have occurred in the past 20 years, in 2006 and 2008.
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BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
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