🟢 Semiconductor Bear 3X ETF (SOXS) is trading 5% up in pre-market after U.S.-Canada talks collapsed

SOXS is trading at $49.38, up 5.00% from the August 21 close, as renewed U.S.-Canada trade-war risk follows collapsed negotiations and new tariffs taking effect.

• Nasdaq-100 futures were down approximately 0.2% Sunday night.
• Caution ahead of NVIDIA earnings and this week’s inflation and Jackson Hole events could pressure high-beta semiconductor stocks.
• No major U.S. economic release was scheduled before the open on August 24; the catalyst appears primarily risk sentiment and technology-sector positioning.