🔴 Semiconductors ETF (CHIP.SW) is trading 4.2% down today as U.S.-Iran tensions push oil toward $90

CHIP.SW is trading 4.2% down today as escalating U.S.-Iran tensions push oil toward $90 and reignite inflation concerns.

• Treasury yields climbed, with the 10-year near 4.74% and 30-year near 5.33%, pressuring long-duration technology valuations.
• Nasdaq futures fell roughly 1.2%, while semiconductor ETFs weakened premarket, indicating a sector-wide risk-off move rather than an isolated ETF issue.