SPXL is trading at $293.85 (+3.08%) as lower expectations for an immediate Federal Reserve rate hike support equities.

  • The S&P 500, Nasdaq Composite, and Dow Jones are all higher in a broad U.S. equity rally.
  • Christopher Waller’s comments, easing Treasury yields, and renewed AI-related technology buying are supporting the S&P 500β€”the index SPXL leverages.
  • Middle East risks and higher oil prices remain offsets.