🟢 Trading-Inverse Equity ETF (SOXS) is trading 4.58% up today as 10-year yields top 5.1%

SOXS is trading at $35.20, up 4.58%, as rising Treasury yields pressure semiconductor stocks.

• Strong September PMI data intensified expectations for an October Federal Reserve rate hike, pushing the 10-year Treasury yield above 5.1%, its highest level since 2007.
• The Philadelphia Semiconductor Index fell 1.19%, while SOXX and memory ETFs declined more than 2% in premarket trading.
• NVIDIA, AMD, Intel, and Marvell also declined, reinforcing broad sector weakness rather than a single-company catalyst.