TECS is trading at $47.82, down 4.68%, as technology stocks strengthen. - TECS is designed to deliver -300% of the technology index’s daily return, so technology gains can weigh heavily on the fund. - The Nasdaq is up 1.56% and the S&P 500 0.99%; softer-than-expected September payrolls of 29,000 and unemployment at 4.2% supported risk-on trading and lower rate-hike expectations. - No TECS-specific catalyst was found; broad-market and technology strength best explain the decline.