Direxion Daily Regional Banks Bull 3X Shares is trading 3.2% down today as regional banks underperform in a risk-on session led by technology and growth stocks.
- The sector is lagging despite a broader market rally sparked by relief over a U.S.–Iran peace deal and a significant drop in oil prices.
- Shifting Federal Reserve expectations toward fewer near-term rate cuts are weighing on rate-sensitive bank margins and dampening investor enthusiasm for the sector.