From Seekingalpha · Bespoke Investment Group · · 40s
Semiconductor Stocks in Sixth Straight Down Day
Semiconductor stocks face sixth straight decline as Philadelphia Semiconductor Index drops 3%.
In brief
Semiconductor stocks face sixth straight decline as Philadelphia Semiconductor Index drops 3%. Philadelphia Semiconductor Index drops 3% in sixth consecutive trading day, extending a 10% loss streak. Originally reported by Seekingalpha.
Philadelphia Semiconductor Index
The index dropped 3% in a sixth straight trading day, extending a 10% loss streak.
Longest Losing Streak
The SOX had a nine-day losing streak twice: once in July 1996 and again in 2006.
Declining Trend
In 14 years from inception through 2008, there were 25 six-day losing streaks; in 18 years since, only 15.
The one thing
Philadelphia Semiconductor Index drops 3% in sixth consecutive trading day, extending a 10% loss streak.
