SQQQ is trading at $35.37, up 4.79% as of 10:46 a.m. ET on September 28, in a move consistent with weakness in Nasdaq-linked markets.

  • Reuters reported Nasdaq futures were down 1%, while oil prices rose after President Trump rejected Iran’s proposal and Treasury yields climbed amid expectations for higher rates.
  • The evidence points to a macro-driven move; no SQQQ-specific catalyst was found. Intraday volume or activity data was not provided, so trading activity cannot be assessed.