🔴 SMHX is trading 1.59% down in pre-market as higher oil prices pressure technology stocks

SMHX is trading 1.59% down at $55.79 after a weaker overnight backdrop for technology stocks.

• The Nasdaq Composite is down 1.50%, while futures declined as investors weighed higher oil prices, elevated Treasury yields, Middle East shipping risks, and expectations for this week’s Federal Reserve decision.
• The VanEck Fabless Semiconductor ETF has substantial exposure to Nvidia, Broadcom, AMD, Qualcomm, and other chip designers, consistent with broader semiconductor and growth-stock pressure.
• No clear SMHX-specific announcement was identified.