2026-06-09 20:46:26
U.S. Semiconductor Rally Fizzles as Philadelphia Chip Index Falls 1.93% on June 9; Dow Rises 85 Points Amid Market Turmoil
U.S. stock markets faced renewed selling pressure on June 9, with an AI-driven semiconductor rally quickly losing steam. The Philadelphia Semiconductor Index fell 1.93% while the iShares Semiconductor ETF (SOXX) dropped over 1.6%, paring the previous day's 6% gain. The S&P 500 declined 0.26% and the