SOXQ is trading at $101.81 (-2.02%) as rising Treasury yields pressure rate-sensitive technology and semiconductor stocks ahead of the Fed’s September meeting minutes.
- Higher oil prices are adding inflation concerns, while weaker chip shares deepen the sector’s decline.
- The broader market is also lower as investors turn cautious before the 2:00 p.m. ET release; SOXQ’s move fits the wider risk-off backdrop.