SQQQ is trading 5.04% up now at $38.04 as Nasdaq weakness supports its inverse exposure. - Nasdaq futures fell as investors questioned AI spending after Tesla cut its capital-expenditure forecast and Meta’s AI financing plans renewed scrutiny. - Rising oil amid Middle East tensions added pressure to sentiment; Reuters reported these market pressures on October 22, 2026. - SQQQ seeks three times the Nasdaq-100’s daily inverse return, so market weakness is the clearest explanation rather than a company-specific catalyst. No SQQQ-specific announcement was identified.