CHIP STOCKS CONTINUE DOWNWARD STREAK , PRICING IN A CRASH

What happened: Chip stocks fell again on Friday, extending a weeklong-plus decline. The Philadelphia semiconductor index, known as SOX, sank about 2% in afternoon trades and was on pace for its eighth consecutive down day. Key numbers: SOX down about 2%. Eighth straight down day, the longest streak since an eight-session decline in October 2018. Why it matters: The headline describes the move as pricing in a crash, with the streak marking the longest losing run in eight years.

Chip stocks extend losses as market prices in a crash scenario.

Chip stocks extend losses as market prices in a crash scenario. — impact context not separately stored; see What changed.