Direxion Daily Semiconductor Bull 3X Shares is trading 11.1% up today as the leveraged semiconductor ETF rebounds sharply following a three-day selloff triggered by hawkish interest rate expectations and a strong May jobs report.
- Nasdaq futures are trending higher and the broader information technology sector is stabilizing as market sentiment improves following the recent pressure on high-growth tech stocks.
- Traders are actively buying the dip in major semiconductor names like NVIDIA and Broadcom after steep declines during the previous sessions.