Chip Stocks' Sudden Freefall: A Harbinger of Broader Market Weakness?
The semiconductor sector's precipitous decline is a sobering reminder that even in a market where most stocks are trading near all time highs, no one is truly immune to the vicissitudes of Wall Street.
The PHLX Semiconductor Index has dropped 25% from its June peak, a stark contrast to the S&P 500's continued ascent. The disparity between chip stocks and the rest of the market is striking.