Semiconductor stocks lead market losses as the PHLX Semiconductor Index drops 8.05%, even as underlying earnings data from key industry players remain at record highs.
The PHLX Semiconductor Index was down 826.18 points, or 8.05%, at 9,442.47 as of 10:18 a.m. ET on Nov 5, 2026, an unusually large single-session drop for a broad chip index. A decline of this size signals broad de-risking across semiconductor names, which keeps pressure on the index in the near term.
The PHLX Semiconductor Index was down 826.18 points, or 8.05%, at 9,442.47 as of 10:18 a.m. ET on Nov 5, 2026.
Yes, the article describes the semiconductor decline as steeper than the Nasdaq's.
The article frames the market as lower this morning and notes the semiconductor decline is steeper than the Nasdaq's, implying the Nasdaq is also down but by less. Because chip names are a large part of the index, the sector rout is a modest drag, though the article gives no index level for the Nasdaq.
The article does not give a figure; it only says the semiconductor index fell more steeply than the Nasdaq.
The PHLX Semiconductor Index (SOX) tumbled 826.18 points to 9,442.47 in morning trading on November 5, 2026. This 8.05% decline marks a sharp pullback for the sector, outpacing the broader Nasdaq Composite's losses. Despite the selloff, recent earnings reports from four of five major chip firms continue to show record-breaking performance.
The PHLX Semiconductor Index dropped 826.18 points, or 8.05%, reaching 9,442.47 as of 10:18 a.m. ET on November 5, 2026.
The semiconductor sector is experiencing a steeper decline than the Nasdaq Composite, which is also trading lower.