🔴 Semiconductor ETF (SMH) is trading 1.76% down in pre-market amid rising oil and Treasury yields

SMH is trading at $614.01, down 1.76%, amid broad macro pressure.

• U.S. index futures are lower, pointing to broader risk aversion.
• Brent crude rose above $103 amid renewed Iran-related supply concerns; the 10-year Treasury yield reached 5.32%, adding inflation and rate pressure to growth stocks.
• Semiconductor signals were mixed: Samsung’s record quarterly profit fell short of lofty expectations, while TSMC reported a 51% revenue increase. The move appears primarily macro-driven; available context does not establish a single chip-company catalyst.