🔴 Semiconductor Inverse ETF (SOXS) is trading 6.08% down as semiconductor stocks recover

SOXS is trading 6.08% down as semiconductor stocks recover from September 10’s sharp decline, reducing demand for the inverse ETF.

• Nasdaq futures rose about 0.7%, while easing oil prices and Treasury yields improved risk sentiment ahead of the U.S. CPI release.
• The PHLX Semiconductor Sector fell 2.66% on September 10, supporting a rebound-driven move in SOXS on September 11.
• August CPI reportedly matched forecasts; elevated oil prices, yields near 5%, and geopolitical risks remain counterforces.