Direxion Daily Semiconductor Bull 3X Shares is trading 10.8% up today as U.S. equity futures rebound following a sharp Fed-driven tech selloff in the previous session.
- Semiconductor and information technology names are seeing relief bids with Nasdaq futures up strongly, helping the leveraged ETF recover from recent volatility.
- The move is primarily driven by a broader risk-on shift and stabilizing interest rate expectations following yesterday's hawkish shock from the Federal Reserve.
- With no new Fed decisions or major chip earnings reported this morning, the recovery appears tied to market sentiment and technical stabilization.