🟢 Semiconductor ETF (SMH) is trading 1.79% up today as August CPI matched expectations

SMH is trading 1.79% up today as August CPI matched expectations at 3.4% annually, easing immediate inflation-surprise concerns and lifting equity futures.

• The Nasdaq Composite is up 1.05% and the S&P 500 is up 0.98%, supporting high-growth technology stocks.
• The move is primarily macro-driven rather than company-specific; CPI relief currently outweighs elevated Treasury yields and oil above $100.