Direxion Daily MSFT Bull 2X Shares is trading 3.1% lower today as the fund continues to digest last week’s sharp repricing of growth stocks following a stronger-than-expected May U.S. jobs report.
- The robust labor market data has pushed interest rate-cut expectations further out, triggering a hawkish shift that weighs heavily on high-valuation technology names.
- Despite a modest rebound in broader indices and some mega-cap peers, the ETF remains under pressure due to its 200% leveraged exposure to Microsoft (MSFT) and the ongoing multi-day drawdown in the sector.