TQQQ is trading 5.2% down today driven by a continued semiconductor and AI-sector sell-off and escalating geopolitical tensions.
- Hawkish Fed commentary has reignited fears of higher interest rates, pressuring the growth and technology stocks that dominate the Nasdaq-100.
- Risk-off sentiment is mounting as Middle East tensions escalate, leading investors away from high-beta assets.
- As a leveraged instrument, TQQQ is amplifying the underlying weakness seen in the technology sector during pre-market hours.