Direxion Daily MSFT Bull 2X Shares is trading 3.2% down today as Microsoft and broader growth stocks reprice following a stronger-than-expected May U.S. jobs report that pushed rate-cut expectations further out.
- Rising Treasury yields are weighing on large-cap technology shares and the Nasdaq, leading to a broader reduction in risk appetite.
- The fund, which targets 2x daily exposure to Microsoft, is experiencing amplified losses as the underlying stock faces pressure from the shifting interest rate outlook.