UPRO is trading 3.1% higher today as it tracks the S&P 500 Index, which is gaining on lower oil prices and positive pre-market sentiment.
- Lower oil prices following an easing of tensions in the Gulf are boosting global risk appetite.
- S&P 500 and Nasdaq futures are trading solidly higher ahead of key durable goods data and major tech earnings reports.
- As a 3x leveraged ETF, UPRO is magnifying the gains seen in the broader U.S. equity market and index futures.