🔴 Trading-Inverse Equity ETF (SOXS) is trading 8.07% down in pre-market as semiconductor shares strengthen

SOXS is trading at $41.15, down 8.07% from the August 6 close as Nasdaq futures and semiconductor shares strengthen.

• Microchip Technology’s upbeat forecast lifted chip sentiment, while Marvell and Micron also gained in pre-market trading, pressuring the inverse semiconductor position.
• The weaker-than-expected July payrolls report showed 73K jobs versus 110K expected, initially supporting rate-sensitive technology shares.
• Broader Nasdaq futures remained higher.