🔴 Sandisk 2X Leveraged ETF (SNXX) is trading 3.01% down in pre-market on semiconductor weakness

SNXX is trading at $15.19 (-3.01%) after semiconductor stocks came under pressure.

• The PHLX Semiconductor Index fell nearly 5% on August 18, with SanDisk among the sharpest decliners.
• 30-year Treasury yields reached 5.33%; fading U.S.-Iran ceasefire prospects lifted oil and intensified risk-off selling in high-beta technology assets.
• Nasdaq futures are down approximately 0.10%, reinforcing weak overnight sentiment ahead of the FOMC minutes.