SPXL is trading at $262.99 (-3.16%) as a sharp risk-off shift hits U.S. equities, with the fund's 3x leverage amplifying broad market declines.
- Geopolitical escalation between the U.S. and Iran has sent oil prices surging over 5%, weighing heavily on investor sentiment.
- Growth and technology shares are leading the selloff across major indices as markets brace for the upcoming FOMC Minutes.