Direxion Daily MU Bull 2X Shares is trading at $851.00, up 7.74% in pre-market action following news of Micron’s inclusion in the S&P 500 and a broader recovery across the semiconductor sector.
- The move extends a sharp rebound for the leveraged ETF, which closed up 19.44% on June 8 as investors aggressively bought the dip following last week’s heavy tech sell-off.
- Micron and Marvell are leading the chip sector higher as market sentiment shifts back toward semiconductors amid the index inclusion news.
- The rally reflects renewed bullish momentum in the sector, reversing several days of downward pressure on high-growth technology stocks.