Chip Stocks on Track for Eight-Day Slide Erasing $2 Trillion
The Philadelphia Semiconductor Index was on track Friday to close lower for eight consecutive sessions, after falling more than 13% over the previous seven sessions and wiping out roughly $2 trillion.
Semiconductor shares were suffering one of their steepest declines in years on Friday. The Philadelphia Semiconductor Index (SOX) was poised to finish lower for eight straight trading sessions. The index had dropped more than 13% over the prior seven sessions, erasing roughly 2 trillion in…