US semiconductor stocks hit 8-consecutive-session decline and SOX-to-S&P 500 ratio fell to lowest since April 2026, mirroring post-dot-com volatility.
Macro & Markets ·
US semiconductor stocks have declined for eight consecutive trading sessions, marking their longest such streak since the 2008 Financial Crisis. The Semiconductor Index to S&P 500 ratio fell to 1.45 points, the lowest level since April 2026, after dropping 0.46 points or 24 percent from its mid-June peak. Over the same period, SOX fell 24 percent while the S&P 500 gained 2 percent, a relative decline comparable to the aftermath of the 2000 dot-com bubble, though the ratio remains up 142 percent from its 2022 bear market low of 0.60.