MarketPR
The S&P 500 extended its decline to five consecutive sessions, marking the index's longest losing streak in ten months as a slide in chipmakers overwhelmed a brief, software-driven attempt at recovery.
Wall Street's main indices all finished lower, underscoring the breadth of the retreat. Chipmakers Drag the Tape The semiconductor sector delivered the session's most visible damage.
Chipmakers sold off broadly, reversing momentum that had carried the group through much of the year and pulling the wider market with them.
For a buy-side manager running any meaningful technology weight, the five-session drawdown is the kind of sequence that forces a reassessment of near-term positioning.
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