🟢 S&P 500 Leveraged ETF (UPRO) is trading 3.18% up in pre-market after Fed rate hike

UPRO is trading at $146.62, up +3.18% in pre-market as a broad risk-on rebound follows Wednesday’s late-session selloff.

• The Fed raised rates 25bps to 3.75%-4%; S&P 500 futures gained roughly 0.7%-0.8% and Nasdaq futures about 1%, supporting UPRO’s leveraged exposure.
• Declining Treasury yields and slightly lower oil prices helped ease inflation and rate concerns; housing starts, permits, and jobless claims remain important premarket risks.