Direxion Daily MU Bull 2X Shares is trading 6.7% up today, rebounding after a steep multi-day selloff tied to a sharp decline in its sole underlying holding, Micron Technology.
- A pre-market recovery in Micron (MU) is lifting the leveraged fund, supported by firmer Nasdaq and tech futures.
- The move reflects a broader risk-on sentiment in the semiconductor and growth sectors following recent pressure from interest rate concerns and AI-spending uncertainty.