Wall Street had one of its roughest sessions of the year this week. The Nasdaq Composite fell 5.52% on November 5, its deepest one-day drop in 19 months, Reuters reported that day. The index closed more than 10% below its October 6 record, which confirmed a technical correction.
The S&P 500 slid 4.36% and the Dow Jones Industrial Average lost 3.44%, wiping about $3 trillion off the value of S&P 500 companies.
The Philadelphia SE Semiconductor index plunged more than 12%, and trading volume...