🟢 Trading--Inverse Equity ETF (SNDQ) is trading 4.15% up in pre-market as semiconductor weakness pressures tech

SNDQ is trading at $10.29, up 4.15% pre-market, as continued weakness in Sandisk and semiconductor stocks supports the inverse ETF.

• Stronger-than-expected U.S. PMI data intensified inflation and Federal Reserve rate-hike concerns; the 10-year Treasury yield reached approximately 5.12%, its highest level since 2007, pressuring high-valuation technology shares.
• S&P 500 futures fell 0.41% and Nasdaq futures fell 0.56%; traders await September 24 jobless claims and new-home-sales data.