🟢 Semiconductor Bear ETF (SOXS) is trading 6.75% up in pre-market as tech weakness pressures semiconductor shares

SOXS is trading at $34.62, up 6.75%, as tech weakness and pressure on semiconductor shares support the inverse ETF. - President Trump’s rejection of Iran’s Strait of Hormuz proposal renewed geopolitical risk, pushed oil prices higher and weighed on risk sentiment. - U.S. futures are lower, with the Nasdaq down 0.91%. Higher Treasury yields and the reported DOJ antitrust probe of Nvidia pressure growth stocks. - No major U.S. economic release is scheduled before the open; Dallas Fed manufacturing is due later.