SOXS is trading at $37.93, down -5.83%, as Nasdaq-100 futures gained roughly 0.5%, pressuring the ETF through its inverse semiconductor exposure.

  • Softer July retail sales and subdued inflation reduced September Fed hike expectations, supporting growth-stock valuations.
  • Semiconductor performance was mixed: Applied Materials fell more than 5%, while broader technology sentiment remained firmer.
  • Middle East tensions and elevated oil prices added volatility but were secondary to the technology-sector move.