VanEck Semiconductor ETF is trading at $567.59 (-5.11%) as semiconductor shares face significant pressure from a broader market sell-off and weakening risk appetite.
- Investors are repricing higher-for-longer Federal Reserve expectations following strong labor data and renewed caution regarding inflation and rising yields.
- The Nasdaq is down sharply as the session turned risk-off, causing chip stocks to reverse a brief rebound attempted on June 8.
- Sentiment in the semiconductor sector remains fragile as macroeconomic headwinds and a pivot away from high-growth assets weigh on the industry.