🟢 TQQQ is trading 4.6% up today as Nasdaq futures rebound on semiconductor strength

TQQQ is trading 4.6% up today as Nasdaq futures jump approximately 1.5%, signaling a recovery from the sharp tech-led selloff on July 29.

• The rebound is primarily driven by strong gains in semiconductor names, including Applied Materials, Lam Research, and Micron.
• Risk appetite is improving as investors look ahead to critical economic catalysts, with GDP and PCE data scheduled for release at 8:30 AM.
• As a leveraged fund, TQQQ is magnifying the move in the underlying index as markets bounce back from recent concerns over the Fed's tone and Meta's earnings results.