SMH is trading at $591.75, down 1.61% from the September 23 close, as semiconductor and broader technology shares retreat after unexpectedly strong U.S. PMI accelerated rate-hike expectations and pushed the 10-year Treasury yield toward 5.12%, pressuring high-growth valuations.
- The Philadelphia Semiconductor Index fell 1.19%.
- Overnight Nasdaq futures were down 0.56%, while yields held near 5.11%-5.12%.
- No major U.S. data are scheduled for September 24, 2026; rates and risk sentiment remain dominant pre-market drivers.