Sox index bear reversal down

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The PHLX Semiconductor Index (SOX), which tracks the performance of semiconductor companies, has recently experienced a correction1. The index is down 36% for the year, slightly underperforming compared to the broader market1.
This correction is likely due to slowing demand for semiconductors, supply chain issues, and broader economic concerns.
Would you like to know more about the factors driving this correction or how it might impact specific semiconductor stocks?




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