Stock Track | Direxion Daily Semiconductors Bear 3x Shares (SOXS) Plummets 5.23% as Chip Stocks Rally

Stock Track01-06

Direxion Daily Semiconductors Bear 3x Shares (SOXS) fell sharply by 5.23% during intraday trading on Tuesday, reflecting a broader rally in semiconductor stocks.

The decline in SOXS, an inverse leveraged ETF that bets against semiconductor stocks, was driven by gains in chip stocks such as STMicro, SanDisk, ON Semiconductor, and TSMC, which rose between 1% to 5% in premarket trading. The positive momentum in the semiconductor sector directly impacted SOXS's performance.

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