🔴 Trading--Leveraged Equity ETF (SNDU) is trading 5.5% down in pre-market as semiconductor stocks weaken

SNDU is trading at $18.82 (-5.52%) as semiconductor weakness pressures the leveraged ETF.

• SNDU is weakening despite Thursday’s Nvidia-driven technology rally.
• Overnight Nasdaq futures slipped roughly 0.2%–0.3%, while Marvell Technology fell more than 7% after earnings, signaling renewed pressure across semiconductor stocks.
• Investors are reducing risk ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech and the August 28 University of Michigan consumer-sentiment release, keeping growth-oriented leveraged ETFs under pressure.