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US stocks open lower as semiconductor index drops more than 1%

  • US stocks opened lower across the three major indexes.
  • The Philadelphia Semiconductor Index fell more than 1% at one point.
  • Semiconductor and memory-chip stocks were the primary market drag.

U.S. stocks opened lower across the three major indexes on the evening of September 23, led by weakness in semiconductor and memory-chip shares. The Philadelphia Semiconductor Index fell rapidly after the opening bell and was down more than 1% at one point.

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