SNXX is trading at $10.26, up 4.27% in pre-market as semiconductor stocks rebound.
- After a sharp 13.53% decline on August 6, SNXX seeks amplified SanDisk exposure; SanDisk fell on weak forward revenue guidance despite strong quarterly results, pressuring memory-chip peers.
- Overnight Asian semiconductor stocks posted modest gains; investors remain cautious ahead of the 08:30 ET payrolls report, expected at 80,000 jobs and 4.2% unemployment.
- Nasdaq futures rose; S&P 500 futures rose modestly and Dow futures declined. Elevated oil prices and Strait of Hormuz tensions remain risks.