SOXS is trading 7.9% up today as semiconductor and broader technology stocks weaken amid firm Treasury yields, elevated oil prices, and renewed U.S.-Iran military tensions.
- Brent crude moved above $100, intensifying inflation concerns and reducing expectations for easier monetary policy, pressuring rate-sensitive growth shares.
- August PPI was mixed: headline inflation remained elevated, while core PPI was softer, limiting—but not eliminating—the market’s hawkish repricing.
- Nasdaq fell 0.80%, with technology underperforming, benefiting the inverse semiconductor ETF.