The PHLX Semiconductor Index dropped 8.92% to 9,352.46 on Thursday, falling below key moving averages as market sentiment for chip stocks turns increasingly bearish.
The PHLX Semiconductor Index fell 8.92% to 9,352.46 by 10:39 a.m. ET on Nov. 5, 2026, after closing at 10,268.65 the prior day. It is now below both its 50-day and 200-day averages, a weak technical backdrop for the coming days to weeks. No company-level earnings detail is included in the excerpt, so the read is mainly index-level.
The PHLX Semiconductor Index (SOX) was down 8.92% at 9,352.46 as of 10:39 a.m. ET on Thursday, Nov. 5, 2026.
The index closed at 10,268.65 on Wednesday and had fallen to 9,352.46 by 10:39 a.m. ET on Thursday.
The PHLX Semiconductor Index (SOX) plummeted 8.92% to 9,352.46 by mid-morning Thursday, marking a sharp reversal from Wednesday's close of 10,268.65. This significant intraday decline pushes the index below both its 50-day and 200-day moving averages, signaling a deteriorating technical outlook for the sector.
As of 10:39 a.m. ET on November 5, 2026, the index was trading at 9,352.46, down 8.92% from its previous close of 10,268.65.
The index has fallen below both its 50-day and 200-day moving averages, which is widely viewed by analysts as a bearish signal for the short-term outlook.