ProShares Ultra Semiconductors is trading 3.5% down today as tech and semiconductor names extend their June 9 pullback amid weakening broader risk sentiment.
- Nasdaq futures are underperforming in overnight trading as investors shift to a risk-off stance ahead of the June 10 CPI release.
- Market participants are weighing the inflation data's implications for Fed rate-cut expectations, which is pressuring long-duration growth and AI-linked technology stocks.