SQQQ is trading 5.31% up at $38.46 after a sharp intraday decline in technology stocks and the Nasdaq, amid fading U.S.-Iran peace hopes.
- Reuters reported that oil prices rose and government bond yields stayed near multi-year peaks, pressuring growth-stock valuations; the Nasdaq was down 1.04% in its report.
- Yahoo Finance said Nasdaq-100 futures fell 0.9% amid renewed tensions.
- The move is consistent with SQQQ’s inverse exposure to the Nasdaq-100, rather than a company-specific announcement.