On September 14, Direxion Daily MU Bull 2X Shares declined 8.08% overnight, trading at $28.87/share, with turnover of $6.08 million. The leveraged ETF, which tracks twice the daily return of Micron Technology, amplified losses as the broader semiconductor sector came under heavy selling pressure in extended trading.
On September 13, U.S. semiconductor stocks fell sharply in dark pool trading. Micron Technology dropped over 3% to $945.79, while peers SK Hynix fell 3%, AMD declined over 2%, and Intel slid more than 3%. The sector-wide weakness followed a turbulent week marked by four consecutive declines in major U.S. indices, surging oil prices breaching the $100 level, and elevated expectations for a Federal Reserve rate hike — with CME data showing a 71.3% probability of a 25-basis-point increase in September. Storage chip stocks bore the brunt of the risk-off sentiment, with Micron already losing nearly 5% on September 11 amid the broad selloff.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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