🟢 Semiconductor Bear ETF (SOXS) is trading 6.8% up in pre-market as Trump rejects Iran proposal

SOXS is trading at $34.65, up 6.8%, as President Trump's rejection of Iran's Strait of Hormuz proposal lifted oil prices and renewed risk aversion.

• U.S. stock futures fell overnight, with Nasdaq-100 futures down 0.60%, adding pressure to technology shares and supporting the inverse semiconductor ETF.
• The oil rebound reinforces inflation concerns; no major U.S. economic release is scheduled before the open.