🟢 Semiconductor ETF (SOXS) is trading 5.42% up as chip shares fall

SOXS is trading at $32.31, up 5.42%, as semiconductor shares weakened in premarket.

• Nvidia, Broadcom and Micron were lower in premarket, supporting the inverse chip ETF.
• Rising oil and Treasury yields revived inflation and rate concerns; the 10-year yield reached 5.34%, weighing on risk appetite.
• The Philadelphia Semiconductor Index fell 1.15% in the prior session, adding pressure to the sector.