UPRO is trading 3.62% up at $151.54 as U.S. equities rally broadly on upbeat manufacturing data and a continued bid into large-cap technology.
- The move reflects strong risk appetite and follow-through from Monday’s tech-led surge, with the S&P 500 up about 1.2% and the Nasdaq rising nearly 1.7%.
- Market sentiment is being bolstered by easing Middle East tensions and a sustained rotation into growth sectors.
- UPRO provides 3x leveraged exposure to the S&P 500, magnifying the underlying index's gains during this risk-on session.