SPXL is trading at $262.97 (-3.16%) as a broader market selloff and weakness in growth and tech sectors pressure the 3x leveraged S&P 500 ETF.

  • S&P 500 and Nasdaq-100 futures are trending lower in pre-market trading, signaling a sharp decline in index-level sentiment.
  • Global risk-off signals are weighing on the market, including overnight tech weakness in Asia and continued downward pressure in cryptocurrency markets.