Semiconductor index closed Friday at 11,137.29, down 3.83%.…
By Tobi Opeyemi Amure
AI summary of the source article
The Philadelphia Semiconductor Index fell 3.83% to close at 11,137.29 on 16 October 2026, marking an eighth consecutive decline. During the selloff, semiconductor short sellers accumulated roughly $32 billion in gross paper gains across seven sessions.
Key facts
- The Philadelphia Semiconductor Index fell 3.83% to close at 11,137.29 on 16 October 2026, marking its eighth straight lower close.
- The iShares Semiconductor ETF (SOXX) declined 4.14% on 16 October 2026 to finish at $493.39.
- Semiconductor short sellers generated approximately $32 billion of gross paper gains over seven days, according to S3 Partners data.
Source excerpt · FinanceFeeds
The 4.4% Friday loss is not on the Philadelphia Semiconductor Index tape. Nasdaq's page for 16 October 2026 shows a last of 11,137.29, down 443.93 points, or 3.83%. That was an eighth straight lower close. Ayushman Ojha's Investing.com note, on Yahoo Finance the next morning, calls it the longest such streak since October 2008 and a 16% drop since the last advance on 6 October. Bloomberg's Carmen…