UPRO is trading at $139.22 (-3.05%) as tech valuation concerns and a global sell-off in chipmakers pressure the broader market.
- Weakness in large-cap growth names like NVIDIA and TSMC is weighing on the index, with E-mini NASDAQ-100 futures dropping 1.77%.
- Heightened U.S.-Iran tensions have lifted oil prices and reinforced a risk-off tone across global equities.
- As a 3x leveraged S&P 500 ETF, UPRO is significantly amplifying the index-level decline driven by lower U.S. futures.