LQQ.MI is trading at €8.50 (-3.05%) as a broad Nasdaq selloff and pressure on technology stocks weigh on the leveraged ETF.
- The Nasdaq Composite dropped 1.15%, with semiconductor and AI names weakening on concerns about high infrastructure spending and rising competition.
- Leveraged Nasdaq-100 exposure is amplifying the decline as market risk appetite shifts away from growth and into the Dow and financials.
- While lower oil prices are aiding cyclical stocks, this rotation is leaving growth-oriented ETFs behind.