📝 Executive Summary
Semiconductor shares sold off sharply, dragging broader US equity benchmarks lower. The Philadelphia Semiconductor Index slid as investors priced in softer chip demand and higher valuations. Traders monitored whether the rout would spill into other sectors or stabilize before the close. The selloff underscored fragility in high-valuation technology shares, with Nasdaq and S&P 500 futures pointing to a downbeat session in the Americas. Analysts focused on upcoming earnings and supply-chain signals for the sector.