ProShares Ultra Semiconductors is trading at $101.30 (-5.0%) as the information technology sector faces significant pressure following Broadcom’s weak post-earnings reaction, which triggered a broader AI-chip and semiconductor selloff.
- Tech names continue to lag in the June 5 pre-market session amid mixed-to-negative futures and weaker global risk sentiment.
- The upcoming 8:30 AM employment report could further pressure growth stocks if the data causes Treasury yields to move higher.