On August 4, Direxion Daily Technology Bull 3X Shares rose 7.22% in regular trading, trading at $199.525/share, with turnover of $33.90 million.
On the news front, Microsoft, Meta, and Amazon simultaneously reported earnings that exceeded expectations, with AI-related capital expenditure continuing to be revised upward, fueling a broad-based tech sector rally. Specifically, Microsoft Azure cloud revenue grew 43% year-over-year, marking its fastest growth rate in recent years. Meta posted quarterly revenue of $60.8 billion, up 28% year-over-year, while raising full-year capital expenditure guidance. Amazon AWS revenue surged 37% year-over-year, the fastest pace in 18 quarters. Microsoft also lowered its capital spending guidance, signaling a transition from investment to output. As a 3x leveraged bull ETF tracking the technology sector, the fund amplified the underlying index gains through its leveraged structure.
The fund invests at least 80% of its net assets in financial instruments that provide 3X daily leveraged exposure to the technology sector index. It is non-diversified.
(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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