SOXQ is trading at $96.97, down 1.69%, as rising Treasury yields pressure technology valuations after September 23 PMI data showed U.S. business activity accelerating to its strongest level since July 2021. - At 9:43 AM EST on September 24, 2026, the 10-year yield reached roughly 5.11%–5.12%; the Nasdaq fell 0.73%. - Stronger data increased expectations for another Federal Reserve rate hike, while elevated oil prices reinforced inflation concerns. SOXQ’s predominantly information-technology exposure heightens its sensitivity to higher discount rates.