S&P 500 Falls 3% in Biggest Intraday Drop Since April; Philadelphia Semiconductor Index Plunges Over 10%

Cointime reports: The S&P 500 extended its decline to 3% on Thursday, marking its largest intraday drop since April, while the Philadelphia Semiconductor Index fell more than 10%. Chip stocks led the selloff: AMD dropped 15.25%, Micron 14.48%, Qualcomm 12.59%, TSMC 8.91%, Broadcom 8.12%, Intel 7.86%, ASML 7.80% and Nvidia 7.73%.