SOXS is trading at $49.36, down 5.91%, as strength in chip shares puts downward pressure on the inverse semiconductor ETF.
- The supplied premarket report said SOXX was up nearly 1%; investors were also positioning ahead of major technology earnings.
- Lower oil prices and firmer U.S. futures supported risk sentiment.
- The move fits the sector direction rather than indicating a SOXS-specific catalyst; trading volume was not provided.