State Street SPDR S&P Semiconductor ETF is trading 4.7% down in pre-market, matching a broader risk-off move in technology and semiconductor names.
- Nasdaq futures have declined 1.45% as major U.S. indices weaken ahead of the 08:30 CPI release, which could push yields higher if inflation runs hot.
- Overnight sentiment was soft across Asia and Europe, while Tuesday’s late-session tech reversal and renewed geopolitical tension kept investors cautious on growth stocks.