glenn vogel joins in a bit. i am katie greifeld in new york. welcome to bloomberg markets. you take a look at markets and you can see we are still green when it comes to the s&p and the nasdaq 100 but quieter than what we have been -- accustomed to. you take a look at big tech, the nasdaq 100 trying to hold onto gains, up .1%. i did want to take a look at the philadelphia semiconductor index. we have been talking about nvidia so much this week. that has been boosting the index. taking a breather on this friday. let's get more details on the composition of this record run. we do that with abigail doolittle. >> not only was that memorable because of the run, the blowout move to the upside by nvidia but also because it was a 2% gain into a record high, a relatively rare event. typically, you take the stairs higher as opposed to leaping higher but here you have a greater than 2% move up. let's break down what this has meant in the past. it's intended to mean that you are going to have some sort of a correction or major topic but the timing is tough so you can see back in septem