The iShares Semiconductor ETF (SOXX) closed Thursday at $563.19, posting a one-day decline of 3.37% as selling pressure weighed on the semiconductor-focused fund.
The pullback extended a softer stretch for the ETF, which has now fallen 2.29% over the past seven days. The back-to-back losses mark a reversal from the momentum that had built up in recent weeks.
Despite the near-term weakness, SOXX remains up 6.58% over the trailing 30-day period, reflecting a broader rally in semiconductor-related equities that preceded the current drawdown.
Trading in semiconductor ETFs has remained closely watched given the sector's sensitivity to supply chain dynamics and broader technology market sentiment. Thursday's session added to the conversation around whether the recent 30-day advance can be sustained.
