The PHLX Semiconductor Index SOX, -4.01% is down 4% Wednesday, and is on pace for its worst one-day performance of the year, and its largest daily percentage loss since Dec. 22, 2022, when it fell 4.2%, Dow Jones market data show. Semiconductor stocks are feeling the impact of Texas Instruments Inc.’s TXN, -3.49% third-quarter results. The chip maker, which is viewed as an industry bellwether, cited weakening industrial demand Tuesday afternoon as it underwhelmed with its forecast.
is down 4.9%.
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