Business
SOX Index Mounts Massive Intraday Comeback
The PHLX Semiconductor Index on Friday was just below the flatline, climbing from a session low of -5.7%—and even briefly traded in the green.
The index, which uses the ticker SOX, was down 0.2% as chip selling eased. The Nasdaq and the S&P 500 pared their losses somewhat, with the indexes down 1% and 0.8%, respectively. The Dow, meanwhile, was down 0.5% or 266 points.
Memory chipmakers led the charge, with the Roundhill Memory Chip ETF up 4.5%. Seagate, Micron, and Sandisk were some of the best-performing S&P 500 components.
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