🔴 Semiconductor ETF (SOXX) is trading 1.57% down in pre-market as Middle East tensions lift oil

SOXX is trading at $502.99 (-1.57%) in pre-market as Middle East tensions pushed oil sharply higher, intensifying inflation and interest-rate concerns.

• S&P 500, Nasdaq Composite, and Dow futures are all lower; Nasdaq futures are down 0.88%.
• The 10-year Treasury yield reached 4.76%, pressuring growth-oriented semiconductor valuations.
• Investors await JOLTS and ISM Manufacturing data, which could further influence Fed expectations.