The Philadelphia Semiconductor Index (SOX) plunged ~10.3% on Friday June 5, its largest single-day percentage drop since March 2020, erasing well over $1 trillion (estimates ~$1.3T) in market value. The rate spike after the hot jobs report combined with lingering disappointment over Broadcom's failure to raise its FY2027 AI guidance to trigger a sector-wide de-rating. The SOX has no sec.<ticker> instance in the securities baseline - aboutSecurity omitted.
Provenance — node opacity = source trust
- Evidence Strength
Strong
- Evidence Observed At
- Jun 5, 2026 · 8:00 PM UTC
- Citation
- https://www.cnbc.com/2026/06/04/stock-market-today-live-updates.html
- Citation Source
cnbc
- Market Metric
Session Percent Move
- Observed Value
- -10.3