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Philadelphia Semiconductor Index Logs Record 17 Consecutive Green Sessions in April
The Philadelphia Semiconductor Index achieved a historic streak of 17 straight positive trading days, surpassing its previous record. Related ETFs like SOXX and SMH posted their best monthly gains in decades. Traders are leveraging leveraged funds amid the surge.
Apr 24, 2:53 PM·1m read1 source
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The Philadelphia Semiconductor Index logged 17 consecutive green trading sessions, surpassing the previous record of 15 consecutive green trading sessions set in 2014. Over those 17 sessions, the index surged roughly 42%, putting it on track for its largest monthly gain since February 2000.
Benzinga reported that this marks an unprecedented run for the index, with the streak extending through April 2026.
The iShares Semiconductor ETF (SOXX) posted a gain of more than 30% in April 2026. This performance makes April 2026 the best month in the 25-year history of the iShares Semiconductor ETF (SOXX). The VanEck Semiconductor ETF (SMH) is up over 25% in April 2026.
Benzinga noted that this represents the strongest monthly return for the VanEck Semiconductor ETF (SMH) since November 2003. Direxion Daily Semiconductor Bull 3X Shares (SOXL) is hitting all-time highs amid the rally. Traders are using Direxion Daily Semiconductor Bull 3X Shares (SOXL) and Direxion Daily Semiconductor Bear 3X Shares (SOXS) to navigate the extreme volatility in the sector.
