Direxion Daily Regional Banks Bull 3X Shares is trading at $120.23 (+3.41%) as regional banks benefit from a broader financials rebound and shifting interest rate expectations.
- The May jobs report has increased the odds of a more hawkish Federal Reserve, which is expected to improve bank net-interest-income outlooks.
- Today’s market reflects a risk-on sentiment, with U.S. equities rising as financials participate in the broader recovery.