Direxion Daily MU Bull 2X Shares is trading 6.1% up today as its underlying asset, Micron, rallies on news that it will be added to the S&P 500.
- The gains follow a sharp rebound in U.S. semiconductor stocks and the Philadelphia Semiconductor Index, driven by easing Middle East tensions and renewed optimism for AI-chip demand.
- As a 2x daily bull product, the ETF is amplifying Micron's individual gains and the broader sector recovery following last week's rate- and geopolitical-driven selloff.