🟢 TQQQ is trading 4.7% up today as tech rebounds on falling oil prices and easing inflation fears

TQQQ is trading 4.7% higher in pre-market sessions as the Nasdaq-100 and broader tech complex rebound following last week’s selloff.

• The move is primarily driven by a sharp drop in oil prices after a pause in U.S.-Iran hostilities, which is easing inflation concerns and Federal Reserve tightening fears.
• Investors are refocusing on upcoming mega-cap tech earnings and the impending FOMC decision, boosting risk appetite across the sector.
• As a leveraged instrument, TQQQ is amplifying the strong upward move currently seen in Nasdaq futures.