How much did the PHLX Semiconductor Index rise today?

The index rose 1.8% after being down 0.7% earlier in the session.

Did the Nasdaq fully recover?

No, the Nasdaq is still slightly lower, but it has pared losses thanks to the chip stock rebound.

Nasdaq Nearly Flat in Afternoon Trading, Gets Boost From Chip Bounce

Chip stocks rebounded today, helping the Nasdaq offset earlier losses. The PHLX Semiconductor Index rose 1.8% after an earlier decline of 0.7%.

July 8, 2026

2 min read

Source: Barrons.com

Key Numbers

PHLX Semiconductor Index change

+1.8%

PHLX Semiconductor Index earlier decline

-0.7%

Chip stocks are on the rise in what's been a volatile trading day, helping to offset losses in the Nasdaq. The index is currently down slightly, but has pared back deeper losses seen earlier in the session.

Index Movement

The PHLX Semiconductor Index is up 1.8%, bouncing back from a 0.7% decline earlier in the day. The rebound comes after a choppy session with sharp swings.

Possible Reasons

No specific catalyst was cited for the bounce, but it occurs amid broad market volatility. Technical rebound or short covering could be contributing factors.

Broader Context

The move comes as U.S. equity markets experience increased volatility due to concerns over slowing economic growth and rising interest rates. However, chip stocks remain sensitive to any news on demand or supply.

What It Means for Investors

This move highlights continued volatility in tech stocks, warranting caution. Buying on dips may present opportunities, but risks remain.

Frequently Asked Questions

The PHLX Semiconductor Index is an index of leading semiconductor companies, serving as a benchmark for the chip sector.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.