SOXS is trading 5.26% down as semiconductor stocks rally, reducing demand for the inverse semiconductor-sector ETF.
- Microchip Technology issued an upbeat quarterly forecast; Reuters reported revenue and adjusted earnings above analyst expectations.
- Marvell and Micron gained in premarket trading, while Nasdaq futures advanced.
- A softer-than-expected July jobs report lowered Treasury yields and boosted appetite for growth and technology shares.