🔴 SQQQ is trading 4.9% down today as Nasdaq rally reduces inverse ETF demand

SQQQ is trading at $36.03 (-4.85%) as the Nasdaq and broader equities rally, reducing demand for this inverse leveraged ETF.

• Technology and semiconductor shares are leading gains amid AI optimism, easing oil prices, and improving risk appetite.
• Reuters reported Nasdaq futures rising nearly 1% as chipmakers advanced, while lower oil reduced inflation concerns.
• The Nasdaq gained 1.23%; no SQQQ-specific catalyst was identified.