Direxion Daily Semiconductor Bull 3X Shares is trading 1.6% up in after-hours trading as market participants reposition ahead of the June 17 FOMC decision.
- The bounce follows a sharp two-day swing in semiconductor and information technology names, prompting emerging dip-buying interest despite broader sector caution.
- Tech and growth stocks have recently lagged as investors rotated into industrials and financials following a preliminary U.S.–Iran peace deal and falling oil prices.
- Traders are closely watching the upcoming Fed announcement to gauge the next move for high-beta semiconductor assets after the recent period of volatility.