The SOX index surged 3.7% to extend its winning streak to five days after completing an annual reconstitution that introduced four new constituent stocks to the semiconductor benchmark.
The PHLX Semiconductor Sector Index (SOX) climbed 3.7% on Monday, marking its fifth consecutive session of gains. The rally follows the index's annual reconstitution, which saw four new companies added to the benchmark, fueling positive momentum across the semiconductor sector.
The PHLX Semiconductor Sector Index rose 3.7% following the completion of its annual reconstitution, which involved replacing four existing stocks with four new constituents.