🟢 Semiconductor ETF (SOXS) is trading 4.9% up in pre-market as chip weakness supports inverse ETFs

SOXS is trading at $32.14, up +4.86%, as chip-sector weakness supports the inverse semiconductor ETF.

• Micron and other storage shares were lower in pre-market.
• Broader risk appetite was subdued, with U.S. futures lower as renewed yield and inflation concerns weighed on equities.
• Wednesday’s semiconductor index decline and elevated Treasury yields add context to the move.