🔴 Tech ETF (XSD) is trading 2.95% down in pre-market as chip and optical-communications shares weaken

XSD is trading $541.94 (-2.95%) as semiconductor stocks cool following a sharp early-October rally.

• Chip shares were already weak in premarket trading; optical-communications stocks are also lower premarket, adding pressure across technology-linked industries.
• Broader risk-off trading, lower U.S. futures, and uncertainty ahead of the FOMC minutes may weigh on technology shares.
• The decline follows recent strength in technology and AI-linked shares, making a pullback a plausible near-term driver.