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The Ratings Game: Chip stocks snap 6-session record run, as exemplified by Xilinx drop

Chip-related stocks snapped a long streak of record highs Thursday, led lower by shares of Xilinx Inc., which had topped Wall Street earnings estimates but not to the degree that’s led to the stock’s doubling price over the past 12 months.

The PHLX Semiconductor Index SOX, -1.81% closed down 1.8% at 1,560.32, off Wednesday’s closing high of 1,589.02, the sixth closing high in a row for the index. In comparison, the S&P 500 index SPX, -0.04% closed down less than 0.1% and the Nasdaq Composite Index COMP, +0.21% rose 0.2%. For the year, the SOX index is up more than 35%, while the S&P 500 is up nearly 17% and the Nasdaq is up 22%.

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