Stock Track | SOXS Plunges 5.09% in Pre-market as Semiconductor Stocks Rebound

Stock Track
May 08

Direxion Daily Semiconductors Bear 3x Shares (SOXS) fell sharply by 5.09% during pre-market trading, reflecting significant downward pressure on this inverse semiconductor ETF.

The decline comes as semiconductor stocks rebounded strongly in overnight trading. The bullish counterpart SOXL rose alongside other chipmakers including Qualcomm, Microchip, Micron, Marvell, ARM, Applied Materials, and ASML, which all posted gains ranging from 1% to over 3%.

Market sentiment toward the semiconductor sector received a potential boost from reports that the Trump administration is inviting CEOs from major technology companies including Nvidia, Apple, and Qualcomm to accompany the president on an upcoming trip to China, signaling potential diplomatic engagement that could benefit the industry.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10