🔴 Semiconductor ETF (SOXX) is trading 2.77% down in pre-market on August 18, 2026 as Treasury yields pressure tech valuations

SOXX is trading at $543.63 (-2.77%) in pre-market on August 18, 2026, retreating after a strong recent run as profit-taking is amplified by a risk-off macro backdrop.

• The U.S. 10-year yield rose to 4.73%, while the 30-year yield reached 5.321%, pressuring high-growth technology valuations.
• Renewed Middle East tensions and oil near $90–$91 are weighing on broader risk appetite.
• Asian chip stocks were stronger, suggesting the move is primarily U.S. macro-driven rather than sector-specific.