🔴 Trading--Leveraged Equity ETF (SOXL) is trading 7.89% down in pre-market as rising yields pressure semiconductor stocks

SOXL is trading at $139.57, down -7.89% in pre-market as rising Treasury yields pressure technology and semiconductor stocks.

• Nasdaq futures were lower; the 10-year Treasury yield reached 4.726%, while the 30-year yield climbed to a level not seen since 2007.
• Overnight weakness in NVIDIA, Micron, and Broadcom further pressured SOXL’s leveraged chip exposure.
• Geopolitical concerns involving Iran also weakened risk sentiment.