🔴 Direxion Daily S&P500 Bull 3X Shares is trading 3.6% down today after hawkish Fed signals hit equities

Direxion Daily S&P500 Bull 3X Shares is trading 3.6% down today as hawkish Federal Reserve signals and the prospect of future rate hikes pressure the broad market.

• The Federal Reserve kept interest rates unchanged but signaled no cuts for the remainder of 2026, while even flagging the possibility of future hikes.
• The leveraged ETF is experiencing amplified losses as the S&P 500 and Nasdaq decline, with growth and technology sectors facing the brunt of the selloff.
• Higher-beta exposures within the underlying index are exacerbating the downward move following the central bank's updated economic projections.