Direxion Daily Semiconductor Bull 3X Shares is trading at $190.37 (-5.61%) as tech and semiconductor shares face pressure following a sharp reversal in the previous session.
- The Nasdaq finished down 1.80% as growth stocks sold off, creating a negative carryover effect for leveraged semiconductor instruments.
- Investors remain cautious ahead of the 08:30 CPI release, which could keep Treasury yields elevated and further weigh on rate-sensitive tech sectors.
- A broader risk-off tone is evident across global markets and futures, reinforcing the current weakness in the information technology sector.