COHH is trading at $5.94 (-8.97%), declining as a 2x leveraged product tied directly to Coherent (COHR) amplifies weakness in its underlying stock.
- Broad technology futures are lower, while Treasury yields near 5%, elevated oil prices, Middle East shipping risks, and renewed rate concerns pressure growth and semiconductor-related shares.
- No specific overnight COHR announcement was identified; the move appears primarily macro- and sector-driven.