SOXX is trading 1.6% higher today as retreating oil prices ease inflation and geopolitical pressure. - The S&P 500, Nasdaq Composite, and Dow Jones are all higher in a broader risk-on session. - Diplomacy involving the Strait of Hormuz helped Brent crude move lower, supporting equities. - Treasury yields remain elevated near 5.17%, but eased modestly from Thursday’s highs, giving semiconductor and other growth stocks room to rebound.