Direxion Daily Technology Bull 3X Shares is trading 9.3% up today as leveraged tech exposure benefits from a strong rebound in growth stocks and Nasdaq futures.
- A tentative U.S.–Iran peace deal and the reopening of the Strait of Hormuz are driving energy prices lower, easing inflation and interest rate concerns that typically weigh on tech valuations.
- With no major U.S. economic data scheduled, traders are leaning into high-beta technology and AI themes, amplifying moves in leveraged vehicles.
- The shift toward risk-on sentiment is providing a significant tailwind for long-duration growth assets and technology-focused ETFs.