🔴 Semiconductor Bear 3X ETF (SOXS) is trading 4.5% down in pre-market as Nasdaq futures rebound

SOXS is trading at $48.45 (-4.53%) in pre-market as U.S. equity futures turn firmer, pressuring the inverse semiconductor ETF.

• SOXS is reversing part of its 7.91% August 24 gain; Nasdaq-100 futures are up 0.42%, while the Nasdaq Composite is up 0.64%.
• Semiconductor sentiment remains volatile after Monday’s chip selloff; investors await NVIDIA’s August 26 earnings and today’s U.S. consumer-confidence release.