🔴 Semiconductor ETF (SOXX) is trading 4% down in pre-market amid broad technology weakness

SOXX is trading 4% down in pre-market amid a broader technology selloff.

• Nasdaq futures are down 1.61%, while S&P 500 futures are down 0.70%.
• Oil prices near $104.60-$107.81 and 10-year Treasury yields near 4.97%-5.0% are worsening inflation and interest-rate concerns.
• Renewed Middle East shipping-disruption risks and expectations surrounding this week’s Federal Reserve decision weigh on semiconductor stocks; AMD’s Taalas acquisition is strategically positive but does not offset sector-wide macro pressure.