🔴 Inverse Semiconductor ETF (SOXS) is trading 5.8% down in pre-market as semiconductor stocks rebound

SOXS is trading at $39.07 (-5.83%), as semiconductor stocks extend their September 18 rebound.

• Semiconductor-focused SMH is up 2.21%; Broadcom and AMD gain 2.97% and 2.70%, respectively, pressuring the inverse ETF.
• U.S. futures are higher and Asian equities strengthened; constructive U.S.-China trade and AI discussions are encouraging technology demand.
• Falling oil prices are easing macro pressure on growth stocks.