ORCX is trading -5.45% lower in pre-market action, extending a sharp decline driven by continued weakness in Oracle (ORCL) and a broader technology sector sell-off.
- The 2x leveraged ETF is reacting to increased volatility and risk-off sentiment as investors brace for this week’s key PCE inflation data.
- Rising interest rate expectations are weighing heavily on high-growth tech stocks, further amplifying the downward move in ORCX.