On August 4, Direxion Daily Technology Bull 3X Shares rose 5.32% in pre-market trading, trading at $190.31/share, with turnover of $362,000.
On the news front, earnings from major tech giants including Microsoft, Meta, and Amazon collectively exceeded expectations, while AI capital expenditure was further raised, fueling a broad-based technology sector rally. Microsoft's Azure cloud business grew 43% year-over-year, its fastest pace since 2022, while simultaneously lowering capital expenditure guidance — signaling a transition from investment to monetization. Meta posted quarterly revenue of $60.8 billion, up 28% year-over-year, and raised full-year capex guidance. Amazon's AWS revenue grew 37% year-over-year, the fastest in 18 quarters, with the company raising total capital spending to $220 billion for the full year.
As a 3x leveraged ETF tracking a U.S. technology sector index, the fund invests at least 80% of its net assets in financial instruments including swap agreements and securities of the index that provide 3X daily leveraged exposure to domestic technology companies.
(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.)
Comments