🔴 Tech ETF (SOXQ) is trading 1.66% down today as rising Treasury yields pressure semiconductor stocks

SOXQ is trading at $98.17, down 1.66%, as Treasury yields rose toward 4.98%, pressuring richly valued semiconductor and AI stocks.

• The S&P 500 fell 0.30% and the Nasdaq Composite fell 0.41%, reinforcing the sector pullback.
• September PMI data showed continued expansion, potentially sustaining higher-for-longer rate expectations.
• SOXQ’s decline appears to reverse its recent AI-driven rally, not signal a new semiconductor-specific shock; reports of several major chip stocks gaining limit confidence in a single-stock catalyst.