Direxion Daily Small Cap Bull 3X Shares is trading 3.8% up today as investors pivot toward value and cyclical stocks following a disappointing AI update from Broadcom that pressured technology mega-caps.
- The rebound follows a steep decline in the prior session, with small caps now outperforming as the market rotates into domestically oriented equities and the Dow.
- As a 3x leveraged vehicle tracking the Russell 2000, the fund is capturing outsized intraday gains despite continued pressure on the Nasdaq and AI-linked sectors.
- The move signals an improved risk appetite for non-tech equities, even as the broader market remains mixed.