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July Could Be the Worst Month for Chipmakers' Stocks Since the Dot-Com Era
In September 2021, the semiconductor index fell 33.6% / Photo: X / NYSE
The Philadelphia Semiconductor Index fell 4.5% at the close of trading on July 28. Since the beginning of July, the index has lost about 23%, which could mark its worst monthly performance since September 2001, according to MarketWatch.
Amid selling pressure in the semiconductor sector, the Nasdaq Composite Index fell 0.2% on July 28, while the broad-market S&P 500 index rose 0.2% and the blue-chip Dow Jones Industrial Average rose 1%.
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