Three major US stock indices fell on Friday, the Philadelphia Semiconductor Index fell by 2%

According to the media reports, with the Philadelphia Semiconductor Index falling 2%, the fear of a breakout was also influenced by business sanctions imposed by several US states in response to an increase in new cases. In the stock market, all three major U.S. stock indices fell on Friday.

The performance of the Philadelphia Semiconductor Index

On Friday the Dow Jones Industrial Average closed 730 points or 2.84% at 25,015.55. The S&P 500 lost 74.7 points or 2.42% at 3009; the Nasdaq Composite lost 730 points or 2.84% at 25,015.55; the S&P 500 dropped 74.7 points or 2.42% to 3009; the Nasdaq Composite The Index (Nasdaq) fell 259.78 points or 2.59% to 9,757.

Among the tech giants, the shares of Apple fell by 3.07%, Amazon by 2.24%, and Microsoft by 2%. Facebook shares fell by 8.32% and Alphabet shares by 5.65%.

The shares of the star stock Tesla fell by 2.66% to 959.74 dollars, which is equivalent to a market capitalization of about 178.08 billion dollars.

The Philadelphia Semiconductor Index fell on Friday by 39.13 points or 2 percent to 1,921.92.

The Semiconductor Index is known as the PHLX semiconductor sector or “PHLX” for short. The SOX, which was created in 1993 by the Philadelphia Stock Exchange, is one of the most important indicators of the global semiconductor boom. The Philadelphia Semiconductor Index began on December 1, 1993, with an initial value of 200.

Companies included in the index include Intel, NXP, Qualcomm, Broadcom, NVIDIA, Applied Materials, Western Digital, AMD and NXP, etc.