SOXL is trading 4.7% down in pre-market trading as semiconductor and information technology names pull back following an intense AI-driven surge earlier in the week.
- Nasdaq futures are trading modestly lower as investors rotate away from mega-cap technology toward more defensive and consumer-oriented sectors.
- The high-beta leveraged ETF is facing increased pressure with no major U.S. economic data releases scheduled to provide a catalyst for a reversal.