XSD is trading 1.6% down as traders take profits ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech.
- The pullback follows the August 27 technology surge led by NVIDIA’s bullish AI outlook; semiconductor stocks are retreating.
- Marvell’s weak reaction adds pressure to chip shares, while sticky 3.7% PCE inflation and a wider-than-expected July trade deficit reinforce rate and growth concerns.
- Broader indexes remain nearly flat.