🔴 SOXX is trading 1.73% down as yields and oil revive inflation concerns

SOXX is trading 1.73% down at $568.91 as rising Treasury yields and oil prices revive inflation concerns, pressuring semiconductor shares.

• Reuters reported technology was among the weakest S&P 500 sectors as U.S. stocks edged lower on October 8.
• The Nasdaq was down 0.59%, consistent with broader weakness in growth-oriented stocks.
• No clear SOXX-specific catalyst explains the decline.