The Philadelphia Semiconductor Index closed at 11,581.215 on Friday, October 16, dropping 443.928 points. According to Associated Press data, the decline marked the steepest percentage loss among the major U.S. and European indices reported in the 5:30 p.m. snapshot.
Other major American benchmarks also finished in negative territory. The Nasdaq Composite lost 572.992 points to close at 26,713.026. The S&P 500 slipped 84.62 points, ending the session at 7,659.44. The Dow Jones 30 Industrials fell 175.28 points to reach 52,002.41. In contrast, the Dow Jones 15 Utilities Index gained 15.48 points to close at 1,081.98.
European markets moved in the opposite direction of their American counterparts. The FT-100 in London rose 41.55 points to close at 10,881.90. The MIB in Milan climbed 459.63 points to finish at 49,857.18. The SMI in Zurich added 41.80 points, closing at 14,349.51.
The Philadelphia Semiconductor Index traded between a high of 11,480.448 and a low of 11,128.077 during the session. The Nasdaq Composite ranged from a high of 26,674.66 to a low of 26,023.102.