🔴 Trading--Leveraged Equity ETF (SNXX) is trading 3.5% down in pre-market after SanDisk’s outlook fell below expectations

SNXX is trading at $8.79, down 3.5% from the August 7 close of $9.11 as semiconductor-linked memory stocks remain under pressure.

• SanDisk’s fiscal 2027 revenue outlook fell below analyst expectations, renewing growth and valuation concerns across memory and storage companies.
• The broader market is relatively steady, with Nasdaq futures modestly higher; Friday’s weak payroll report and lower Treasury yields support growth stocks but have not offset the memory-sector overhang.
• August 10 has no major U.S. economic release scheduled, leaving overnight industry news and positioning as dominant catalysts.