Direxion Daily Semiconductor Bull 3X Shares is trading 2.68% lower in after-hours, extending a sharp intraday tech reversal as investors de-risk ahead of key CPI data and amid elevated rate expectations.
- Semiconductor and broader information technology names are under pressure following hawkish Fed repricing and Apple-related disappointment.
- Escalating Middle East tensions are driving a continued risk-off tone, weighing heavily on high-growth and AI-focused plays.
- Market participants are increasingly cautious, repositioning portfolios ahead of critical inflation data releases.