SOXS is trading 6.42% down today as semiconductor stocks rebound, reversing part of the ETF’s recent gains.
- Strength in the Nasdaq and broader technology sector is pressuring this inverse semiconductor product.
- Investors are positioning around the September 4 U.S. employment report; NVIDIA’s advance and improving risk sentiment reinforce semiconductor-sector strength.
- Broadcom’s weaker guidance is limiting the rebound but has not offset broader sector buying.