🔴 Semiconductor ETF (SMH) is trading 1.5% down in pre-market as rising Treasury yields pressure chip stocks

SMH is trading at $548.10, down -1.53%, as rising Treasury yields pressure growth-oriented technology shares.

• Treasury yields rose sharply, with the 10-year reaching 4.78%.
• NVIDIA, AMD, and Micron each fell more than 1% pre-market as semiconductor stocks weakened broadly.
• Middle East tensions lifted oil prices and reinforced inflation and interest-rate concerns, while U.S. futures declined.