🔴 PSI is trading at 1.79% down in pre-market as elevated yields pressure chip stocks

PSI is trading 1.79% lower at $145.10 as semiconductor stocks weaken alongside broader pre-market selling and macro pressure.

• The Philadelphia Semiconductor Index slid Wednesday as chip stocks paused after a six-day climb.
• Nasdaq futures are down 0.81%, while Treasury yields remain elevated.
• No company-specific announcement or earnings release was identified; renewed inflation and monetary policy concerns are also weighing on markets.