🟢 VanEck Semiconductor ETF is trading 2.2% up today ahead of FOMC meeting and Retail Sales data

VanEck Semiconductor ETF is trading 2.2% higher in pre-market as tech futures rise ahead of key Retail Sales data and the first FOMC meeting under Chair Kevin Warsh.

• Nasdaq-100 futures are up 0.8% and the Nasdaq Composite is indicated up 0.90%, signaling broad strength in the technology sector.
• Traders are cautiously adding back to semiconductor exposure as guidance on future interest rates remains critical for long-duration growth stocks.