SOXX is trading 3.29% down as Brent crude remains above $100 amid escalating U.S.-Iran tensions, reigniting inflation and growth-stock concerns.
- The 10-year Treasury yield is near 4.85%, pressuring high-duration technology valuations.
- August PPI showed hot headline inflation but softer core inflation; broader equities are lower and semiconductor stocks are underperforming.
- No stronger company-specific catalyst is evident.