🔴 SQQQ is trading 4.76% down today in pre-market as Nasdaq Composite gains 1.60%

SQQQ is trading 4.76% down now at $38.68 after a broad pre-market risk-on move lifted the Nasdaq Composite 1.60% and Nasdaq futures 1.10%.

• SQQQ seeks inverse exposure to the Nasdaq-100, consistent with pressure on the fund as the index rallies.
• Treasury yields eased and oil prices fell after the Federal Reserve’s September 16 rate hike, supporting technology shares.
• No clear SQQQ-specific announcement or company catalyst was identified.