🔴 Semiconductor ETF (SMH) is trading 2.35% down on September 10, 2026 as oil-driven inflation lifts yields

SMH is trading at $560.77, down 2.35%, as macroeconomic pressure and broad technology weakness weigh on semiconductor shares.

• Brent crude above $100 and U.S.–Iran military escalation are reviving inflation and risk-off concerns; the 10-year Treasury yield reached approximately 4.857%.
• August PPI was mixed: headline inflation was slightly above expectations, while core inflation was softer, limiting but not eliminating rate fears.
• SOXX was down 2.63% during regular trading, suggesting a sector-wide decline rather than one dominant semiconductor company.